11:51am: Arroyo signed for the full slot value of $1,866,500, according to Jim Callis of Baseball America (on Twitter).
2:30am: Giants first-rounder Christian Arroyo is in Arizona to take his physical and thus is close to signing with the team, Henry Schulman of the San Francisco Chronicle reports. Details of the contract aren't known but as the 25th overall pick in the draft, Arroyo's recommended slot bonus (via Baseball America) is between $1.866MM and $1.867MM. Arroyo is advised by Tom O'Connell of O'Connell Sports Management.
The Giants see Arroyo as a middle infielder and he was drafted as a shortstop, though there is some debate over which position best suits the Florida high schooler. Some scouts actually see Arroyo as a catcher, and "those who don't think he can catch see him as a tweener, not quick enough for second and not powerful enough for third base," according to Baseball America (BA subscription required). Arroyo is considered to be a generally good hitting prospect, though ESPN's Keith Law feels "his offensive upside is somewhat limited" and he has some mechanical issues at the plate.
Arroyo was something of a surprise first round pick in the pundits' eyes, as Law only ranked him 99th on his list of the 100 best draft prospects and Baseball America ranked him 102nd. He had committed to attend the University of Florida. Arroyo will be the 17th of this year's 33 first rounders to sign once his deal is finalized.