Rangers Sign Luis Ortiz

WEDNESDAY: The Rangers announced that they have officially signed Ortiz. Anthony Andro of FOX Sports Southwest tweets that Ortiz’s bonus is $1.75MM, which is very slightly below the $1.76MM slot value.

MONDAY: The Rangers have reached agreement on an approximately $1.76MM bonus with first-round choice Luis Ortiz, reports Evan Grant of the Dallas Morning News. Ortiz is scheduled to finalize his deal and take a physical in the next two days.

That figure is the slot value for the 30th overall choice, where Ortiz was taken. Grant adds that the team has also reached agreement for an unreported sum with third-round pick Josh Morgan (who came with a $550.1K slot).

Ortiz, a high school righty out of California, came in as MLB.com’s 24th best draft-eligible prospect while landing at 28 on Baseball America’s list. But Keith Law of ESPN.com saw things rather differently, placing Ortiz at tenth in his final rating. Law explains that Ortiz had returned well from an early-season forearm  strain and could be a nice get for a team (like Texas) at the back of the first round.

The best news for the Rangers is that they appear set to draw the high-upside righty away from Fresno State without borrowing against the team’s overall pool. Texas agreed to an over-slot deal earlier today with second choice (59th overall) Ti’quan Forbes and did the same recently with fourth-rounder Brett Martin. The Rangers’ total available pool, assuming it inks all its picks from the first ten rounds, is $4.82MM.

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