NEW YORK ? UCLA pitcher Gerrit Cole and the Pittsburgh Pirates beat the deadline to sign when the top selection in the June amateur draft agreed late Monday night to a minor league contract with an $8 million signing bonus.
Cole had been among 23 first-round picks facing a midnight deadline to reach agreements with major league teams.
"It's essentially the largest signing bonus ever given an amateur player," Pirates general manager Neal Huntington said. "Sometimes, it's more advantageous for a player to take a minor league contract with a bonus that can be spread over nine months than a major league contract that would be spread out over four years."
Scott Boras, Cole's agent, also negotiated a $7.5 million signing bonus for high school outfielder Bubba Starling with the Kansas City Royals, and a $7.4 million, four-year major league contract for Rice third baseman Anthony Rendon with the Washington Nationals. Starling was the fifth overall pick and Rendon sixth.
Most top picks agreed to deals. Virginia left-hander Danny Hultzen agreed to an $8.5 million, five-year contract with Seattle that included a $6.35 million signing bonus. Dylan Bundy, a high school right-hander selected fourth by Baltimore, got a $6.25 million, four-year contract.
Boras' son, California high school third baseman Trent Boras, failed to reach an agreement with the Milwaukee Brewers. Trent Boras was a 30th-round pick.
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