The Rockies have signed first-round pick Michael Toglia, Patrick Saunders of the Denver Post reports. Toglia’s pick (No. 23) came with a $2.93MM slot value, but the team gave him $2.725MM, per Jim Callis of MLB.com and Jon Heyman of MLB Network (Twitter links).
The 20-year-old Toglia’s a first baseman from UCLA whom Callis and Jonathan Mayo ranked as the 40th-best prospect available entering the draft. They note the 6-foot-5, switch-hitting Toglia showed “huge raw power from both sides of the plate” during his tenure with the Bruins. However, it’s in question whether the 20-year-old will make enough contact to capitalize on his power going forward.
With Toglia under contract, the Rockies have now inked their top two picks of this year’s draft. They signed second-rounder Aaron Schunk for $1.1MM last week. The club entered the draft with just over $7MM to spend on its choices.