Blue Jays Sign Dwight Smith Jr.

10:59pm: Smith received an $800K bonus, tweets Baseball America's Jim Callis.  That's about $125K over slot.  Smith is represented by Wasserman Media Group.

7:09pm: The Blue Jays announced they've signed supplemental first round draft pick Dwight Smith Jr.  Smith, a high school outfielder, was drafted 53rd overall as compensation for the loss of Miguel Olivo.  The Jays essentially purchased the draft pick for $500K (the cost of declining Olivo's option) as well as the cash sent to the Rockies in that deal.

Smith's father had a nice career in the Majors, beginning with a second-place Rookie of the Year finish for the Cubs in 1989.  Junior doesn't have the speed his dad did, reports Baseball America, but his pure batting stroke "ranks among the best in the draft class."

The Blue Jays have until tomorrow's 11pm central time deadline to sign their first draft pick, Tyler Beede.  There was a report Friday that Beede is likely to honor his commitment to Vanderbilt.  For MLBTR's list of all first round and supplemental draft picks to sign so far, click here.