Appel fails to sign; no teams lose future picks
Friday, July 13, 2012
NEW YORK (AP) -- The first signing period under baseball's new draft restrictions ended with touted pitcher Mark Appel spurning Pittsburgh to remain at Stanford and with 10 teams exceeding their bonus pools but none by enough to forfeit future selections.
Appel was the only unsigned player among 31 first-round picks, turning down an offer of $3.8 million from the Pirates. Appel was projected by some to be the No. 1 selection last month, but some teams shied away from the right-hander because of the expected demands of his adviser, Scott Boras. Appel was selected eighth.
That slot was assigned $2.9 million from the drafting team's bonus pool in baseball's new labor contract, which imposes penalties on clubs that exceed their threshold -- the total of the slots for a team's selections in the first 10 rounds.