Padres Sign First-Rounder Hunter Renfroe

TUESDAY, 2:04pm: The Padres have confirmed the signing via press release.

MONDAY, 9:39pm: The Padres will sign Renfroe for $2.678MM tomorrow, Baseball America's Jim Callis reports (Twitter link).  This bonus exactly matches Renfroe's assigned slot price.

4:57pm: The Padres are close to signing first-round draft pick Hunter Renfroe, as MLB.com's Corey Brock reports (via Twitter) that the Mississippi State outfielder is in San Diego today to take his physical.  Once the physical is passed and the deal is signed, Renfroe will report to the Padres' short-season A ball affiliate later this week.  Renfroe is advised by McKinnis Sports Management.

No terms of the deal are known, though the 13th overall pick carries an assigned slot value of $2.678MM.  The Padres have agreed to terms with the rest of their picks from the first 10 rounds and are roughly $83K under their assigned draft pool budget, so it's possible this extra money could be used to give Renfroe a slightly-above slot deal.  (Tip of the cap to Baseball America for the previous two links.)

Renfroe, 21, was originally a 31st-round pick for the Red Sox in the 2010 draft but he instead chose to attend Mississippi State and ended up improving his draft stock considerably.  Baseball America ranked Renfroe as the 11th-best prospect of the 2013 draft class, while ESPN's Keith Law ranked him 12th and MLB.com's Jonathan Mayo ranked him 28th.  Renfroe projects as a right fielder due to his strong throwing arm and plus speed.  The right-handed hatter has "outstanding raw power" according to MLB.com's scouting report and has "progressed tremendously at the plate" in college, though "there's still some swing and miss to his game."

Once Renfroe's deal is finalized, he will be the 29th of the 33 first-round picks from the 2013 draft to sign contracts.