TUESDAY, 5:08pm: Hobgood received a bonus of $2.42MM, according to PGCrossChecker.com.
SATURDAY, 2:19pm: MLB.com's Spencer Fordin reports the Orioles will introduce Hobgood at a press conference scheduled for 5:30pm ET.
FRIDAY, 4:58pm: The Orioles will sign first round pick Matt Hobgood tomorrow, according to Peter Schmuck of the Baltimore Sun. Schmuck doesn't have the terms of the deal, but they should become available after tomorrow's press conference. Click here to see the bonuses received by some of Hobgood's fellow first-rounders.