Draft News: Lanphere, Farinaro, Bryant

Last night, the Pirates agreed to terms with first-rounder Austin Meadows. Here are today's draft-related news items and notable non-first-round signings…

• The Rangers have signed 21st-rounder Luke Lanphere for a $400K signing bonus, according to Baseball America's Jim Callis (Twitter link). That's $300K over-slot for Lanphere, a projectable high school right-hander out of California. The UC Riverside recruit's fastball touches 91 mph presently, according to Callis.
• Baseball America reports that Cardinals 11th-round pick Steven Farinaro signed for $750K, which is the largest bonus ever for a player drafted after the 10th round under the new CBA's rules. Because the assigned pick value for each pick after the 10th round is $100K, signing Farinaro meant a $650K hit to the Cards' bonus pool. The Cardinals have now exceeded their bonus pool by $325K, resulting in a $243K penalty tax and leaving them just $20,896 shy of the point at which they would forfeit their 2014 first-round pick. Farinaro, a high school right-hander, ranked 423rd on BA's Top 500.
• While recent reports suggest that the Cubs and No. 2 overall pick Kris Bryant are "nowhere close" to a deal, Jim Callis of Baseball America tweets that he expects a deal to be completed. He does note that Bryant could be the last first-rounder to sign, however.