The Giants have signed first round pick Joe Panik according to a team press release. His signing bonus is unknown, but MLB's slot recommendation for the 29th overall pick is approximately $1.1MM.
Baseball America ranked the middle infielder as the second best prospect to come out of New York in 2011. Nationally, Panik was ranked 67th by the publication. The St. John's product is said to have a plus bat and likely projects to second base.
Panik, 20, is the first middle infielder taken by the Giants with a first-round pick since shortstop Royce Clayton in 1988.