Sportsnet’s Hazel Mae reported this afternoon that the Blue Jays will be signing their first-round draft pick Austin Martin pending a physical.
#BlueJays and first round draft pick, Austin Martin, in agreement on a deal, pending physical, according to an industry source.— Hazel Mae (@thehazelmae) July 3, 2020
There are no details yet about Martin’s signing bonus. His slot value, as the fifth overall pick, is $6,180,700. The Blue Jays have a total pool of $9,716,500 and the ability to go another $485,824 without running into the worst penalties, so their cap is effectively $10,202,324.
They signed their second rounder CJ Van Eyk for $1,800,000, third rounder Trent Palmer for $850,000, and fifth rounder Zach Britton for $97,500. Do a bit of mental math and it gives a total of $2,747,500 in bonuses handed out so far, and a nice $6,969,000 remaining. That gives them $7,454,824 of room to give to Martin and fourth rounder Nick Frasso without forfeiting future draft picks by exceeding their pool. That $7.45 million figure lands between the second and third overall slot bonus.
Let’s play a game in the comments below. Guess Austin Martin’s signing bonus; closest without going over wins 15,000 Internet Points. An exact guess wins 50,000 Internet Points.