4:30pm: Indians assistant GM John Mirabelli told MLB.com's Jonathan Mayo that there is no deal.
"We absolutely do not have any agreements across the board," he said.
3:44pm: Heyman says the deal isn't quite complete (Twitter link) and notes that over-slot deals like Washington's don't often become official until closer to the August deadline for signing picks.
3:00pm: The Indians reached an agreement with second-round pick LeVon Washington for $1.55MM, tweets SI's Jon Heyman. The Indians drafted the outfielder 55th overall; he'd gone to the Rays at #30 out of high school in 2009 but turned down their offer of $1.1MM and attended Chipola Junior College. Washington is represented by Scott Boras.
MLB.com outlined the knocks on Washington - he might not have the arm to stick in center field, and he comes with a "perceived lack of energy." On the plus side, he brings offense and above average speed. Baseball America ranked Washington 66th overall, considering him an enigma who earned Johnny Damon comparisons before the '09 draft but had a disappointing year at junior college.