The Cubs will make it official Wednesday the team has signed first round draft pick Kyle Schwarber. Schwarber and the Cubs have reportedly agreed to a signing bonus of $3.125 million, which is $1,496,200 under-slot. With Kyle Schwarber ($3.125 million) and Mark Zagunis ($615,000) signing under-slot deals, the Cubs can use the $1,596,100 on other draft picks such as LHP Carson Sands, LHP Justin Steele and RHP Dylan Cease.
The Cubs have not said which minor league affiliate Schwarber will report to after a short stay at the Cubs facility in Mesa. Jed Hoyer said Wednesday morning the Cubs were eager to sign Schwarber so he could start playing in the system. The Boise Hawks begin its season on Friday, which seems like a logical first step for Schwarber, the same path Kris Bryant took a year ago. The Sun-Times mentioned the possibility of Kyle Schwarber reporting to Boise in time for Friday’s opener.
Kyle Schwarber will see some time behind the plate. From the comments made by Jason McLeod and Jed Hoyer, the Cubs view Schwarber as an outfielder and not a catcher. Jason McLeod addressed the Schwarber position question last Sunday.
“We are not ruling out the catching on Kyle just yet,” McLeod said. “I know Kyle really loves being back there. Speaking of his leadership skills, it fits in behind the plate. We took him because of his bat. He will go out and he will catch still this summer. You will probably see in the box score that he will move around and play some in the outfield as well.”
“Like I said the other day, he [Kyle Schwarber] epitomizes everything that we like about an offensive player in terms of how he controls the strike zone,” McLeod explained. “His patience, his ability to drive the ball with authority to both gaps. And like I said we felt like he was the best bat in this draft. When you combine that with the leader that he is and the makeup that he brings, he was a guy fairly early on that we targeted as, if we were going to go with a position player, then Kyle Schwarber was going to be at the top of the list. As we got to know him better and got to watch him a lot more he ended up being ranked number two on our board and we are really excited to get him.”
Pick Values and Signing Rules
Cubs Assigned Pick Values for first 10 Rounds of 2014 Draft
- 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
- Round Five (Pick #139) – $359,900
- 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
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.