8:17pm: Ramsey's deal is for a below-slot $1.6MM, according to Baseball America's Jim Callis (on Twitter). The $1.6MM bonus represents the fifth-largest bonus ever for a college senior, says Callis (clarifying an earlier mistake). Only Matt LaPorta ($2.07MM), Kenny Baugh ($1.8MM), Casey Weathers ($1.8MM), and Josh Fields ($1.75MM) have signed for more after spending four years in college.
7:20pm: The Cardinals have a deal in place to sign first round selection James Ramsey, writes Derrick Goold of the St. Louis Post-Dispatch.
Ramsey, an outfielder from Florida State University, was eligible to sign once the Seminoles were eliminated from the College World Series. He'll need to pass a physical before signing, but could finalize the deal as soon as Friday. The Cards selected Ramsey with the 23rd overall pick in the draft, which carries a slot recommendation of $1.775MM.
Following the draft, Baseball America wrote that Ramsey has average to above-average tools across the board but lacks a standout tool. Scouts are split on whether or not he can stick in center field; some feel he's better suited for right field or second base. The Twins selected Ramsey in the 22nd round of the 2011 draft, but he elected to return to FSU for his senior year.