Cubs Agree to Terms with LHP Carson Sands, LHP Justin Steele and RHP Jordan Brink

According to reports from John Manuel and Jim Callis, the Cubs have agreed to terms with fourth round draft pick LHP Carson Sands, fifth round pick LHP Justin Steele and 11th round pick RHP Jordan Brink.

John Manuel reported the Cubs signed Carson Sands for $1.1 million, which would be $619,000 above the slot allotment of $480,600 for the Cubs fourth round pick. The Cubs’ deal with Jordan Brink appears to be for the slot value of $100,000.

Jim Callis reported the Cubs also agreed to terms with LHP Justin Steele with an over-slot bonus of $1 million. The Cubs slot allotment for their fifth pick is $359,900. So the Cubs paid $640,100 over slot for Steele.

With the bonuses to Kyle Schwarber ($3.125 million) and Mark Zagunis ($615,000) being under-slot deals, the Cubs will be able to use some of the $1,596,100 saved on the first and third round picks on Carson Sands and Justin Steele. The extra bonuses paid to Sands and Steele total $1,259,100.

Matt Dorey said Saturday the Cubs should be announcing several signings this week of the players that were selected in the first ten rounds.

The Cubs have not announced signing LHP Carson Sands, LHP Justin Steele or RHP Jordan Brink. But Brink is working out at the Cubs’ facility in Mesa.

The Cubs signing bonus pool for the first 10 rounds of this year’s draft is $8,352,200 million. If the Cubs sign a player in rounds 11-40 for more than $100,000, the excess is counted against the team’s bonus pool. If the Cubs draft a player in the first 10 rounds they are unable sign, the assigned slot value is removed from their bonus pool allotment.

If a team exceeds its draft pool by 0-5 percent it receives a 75 percent tax on the overage. If a team exceeds its bonus pool allotment by more than five percent and up to 10 percent, the penalty is the loss of a first round pick and a 75 percent tax on the overage. If a team exceeds its bonus pool by 10-15 percent, the penalty is the loss of a first and second round pick, plus 100 percent tax on the overage. If a team exceeds its bonus pool by more than 15 percent, the penalty is two first round draft picks and 100 percent tax on the overage.

Cubs Pick Values and Draft Signings
  • Round One (Pick #4) – $4,621,200 – Kyle Schwarber signed $3.125 million
  • Round Two (Pick #45) – $1,250,400
  • Round Three (Pick #78) – $714,900 – Mark Zagunis signed $615,000
  • Round Four (Pick #109) – $480,600 – LHP Carson Sands signed $1.1 million
  • Round Five (Pick #139) – $359,900 – LHP Justin Steele signed $1 million
  • Round Six (Pick #169) – $269,500
  • Round Seven (Pick #199) – $201,900
  • Round Eight (Pick #229) – $161,800
  • Round Nine (Pick #259) – $151,000
  • Round Ten (Pick #289) – $141,000
  • Round Eleven – $100,000 – RHP Jordan Brink signed $100,000

Matt Dorey, the Cubs Director of Amateur Scouting, told Bruce Levine and Wayne Randazzo during an interview Saturday on Inside the Clubhouse (670 The Score), that the Cubs are close to announcing several signings.

“We are getting really close. You will see most of the top ten-round guys start to filter in here over the next few days,” Dorey told Levine and Randazzo. “With the new collective bargaining agreement with the draft and the CBA we have to be real systematic in making sure that we cross all of the t’s and dot all of the i’s before we get these guys signed and off to the affiliate, whether it’s Boise or Mesa. We are making progress and we should have most of these guys signed and in Cubs affiliate uniforms for us pretty soon.”

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  • John_CC

    Great…I just clicked back from the other post re: cubs close to signing … And bam, there it is. Sands and Steele are pretty good signs I presume. How much is left for Cease, any word on if or if not he is going to sign?

    • Tony_H

      Everything I have heard they expect to sign all of the Top 10. I would expect close to $1M. They may need to get Stinnett done underslot to have the savings to sign him.

  • Tony_H

    I guess I was thinking it would take more than 100k to get Brink to sign.

    In this article on MLB before the season, it talked about him possibly being a 1st rounder and finished with: “If he went in the second round, it wouldn’t shock me. He can do a lot of things, he competes, he has makeup. And if he’s 6-foot-3, he goes in the top 30 or 40 picks.”

    http://mlb.mlb.com/news/article.jsp?ymd=20140304&content_id=68664646&notebook_id=68664356&vkey=notebook_mlb&c_id=mlb

    • Vivid_Reality

      Its always nice to get someone with a closer-ish floor in round 11.

    • Sonate

      It puzzled me also that Brink was still available in round #11. The draft issue of BA had him as the #94 prospect in the country (overall, not just pitchers). Does Brink have an injury that I have not heard about?

      • Tony_H

        My guess is signability, but that obviously wasn’t the case. Teams really need to sign all of their Top 10 and especially anyone they think/plan to be under slot with the new system. Maybe no one felt that confident until the 11th round.

        The Cubs have stockpiled lots of arms like this. One just got back on the mound for Boise last night in Josh Conway who was taken in the 4th round of 2012. He threw 3 scoreless innings, 3 K’s, 0 BB. Mid 90’s fastball and good slider. He is coming off TJ and once he shows he is healthy he should move up quickly. He is 23 this year.

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  • triple

    By my math, the Cubs are currently $336,600 under slot for the top ten picks they have signed so far. If you figure that $417,600 would allow that up to 5% overage, they have about $754,210 left to overslot and sign their top 10 picks and some of the other harder lower picks to sign. Hopefully they can save at least 300k on picks 2, and 7-10, and then put some of that money towards Cease and some other later round picks.

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