The New York Yankees have signed 11th round pick left-hander Josh Rogers for a well above slot value bonus of $485,000, a source close to the situation told Cover Those Bases.
Jim Callis of MLB.com first reported Rogers' agreement with the team, citing that his bonus would be in the range of "early 4th round money."
For the Yankees, $385,000 of Rogers' bonus will count against their overall spending pool. For picks in the 10th round and beyond, teams can spend up to $100,000 without counting against their spending limits. Every dollar spent over $100,000 does count.
Because he is 21-years-old, Rogers is a draft eligible sophomore, which gave him more signing leverage than the average college player. He will pass up two years of college eligibility to sign.
He was rated as the No. 2 left-handed pitcher in the Midwest prior to having the surgery 2013 (while he was in high school). He came back to pitch for Louisville as a freshman last year. This season, he went 8-1 with a 3.36 ERA and a 82 to 25 strikeout-to-walk ratio in 93 2/3 innings pitched for the team.
Baseball America projects him to be a potential back-end starter.