The Giants have agreed to a $3.8MM bonus with first-round selection Patrick Bailey, according to MLB.com’s Jim Callis (via Twitter). He was selected 13th overall, a position that came with a $4,197,300 slot allocation.

This represents the first big draft strike for the San Francisco organization, which has quite a bit of signing left to do. The savings on this selection will presumably be rolled over to later-drafted players.

Bailey, a backstop out of N.C. State, will slot in behind recent top selection Joey Bart in the long-term catching pipeline. If and when the club ends up with some tough decisions to make involving those two players and long-time star receiver Buster Posey, it’d surely consider it a good problem to have.

Entering the draft, all major pundits graded Bailey as one of the twenty best players available. ESPN.com and Fangraphs each rated him within the top dozen. The switch-hitter isn’t exactly hyped for his endless ceiling, but prospect watchers seem to agree he has solid all-around skills and real potential to become a regular backstop at the game’s highest level.

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