2:32pm: New York has announced the signing.
12:52pm: The Yankees have agreed to an above-slot bonus with first-round pick James Kaprielian, Jim Callis of MLB.com reports on Twitter. The 16th overall selection will earn a $2.65MM payday to forego his final season at UCLA if and when he passes his physical.
Heading into the draft, ESPN.com’s Keith Law had the highest grade on the power right-hander, ranking him 13th among draft-eligible players. Law profiles Kaprielian as a mid-rotation starter in future outlook, saying he has a chance to deliver four solid offerings that will play up if he can harness his command to his full potential.
Other draft observers ranked Kaprielian slightly further down their lists, but all saw him as a clear first-round pick. MLB.com placed him 22nd, praising his “pitchability,” while Kiley McDaniel of Fangraphs put him in the 21st slot and Baseball America ranked him 19th.
Callis had calculated that the Yankees had up to $2,676,450 to use on Kaprielian, but the team was able to get things done for slightly less. That won’t leave much left over to use on other picks, of course. The slot value for his selection was $2,543,300.