The Cincinnati Reds have officially signed their 1st round draft pick Jonathan India. The now former Florida Gators third baseman has signed for $5,300,000. That is a discount of $646,400 from the slot value. That amount still leaves the Cincinnati Reds, no pun intended here, in the red when it comes to their draft spending pool. You can see all of that information on the Cincinnati Reds 2018 MLB Draft Tracker.
Jim Callis of MLB.com was the first to report the signing.
— Jim Callis (@jimcallisMLB) July 3, 2018
I’m typing this from a Buffalo Wild Wings in Johnson City, Tennessee, but as long as I’m typing things correctly into excel, this signing still leaves the Cincinnati Reds $434,600 over their pool amount. That is, of course, assuming that Mike Siani is getting the full $2,000,000 that has been reported as agreed upon.
Assuming that I did calculate things properly last week, the Reds would need to still save some money in order to not go over 5% of their pool allotment. That would make them face the forfeiture of their 1st round pick next season. There’s zero chance that the will do that, though. What that means is that Siani is probably signing for tens of thousands less than the originally reported $2,000,000. That’s all that it will take to get the Reds into the area that they need to be to keep their 1st round pick in 2019.
They will still have to pay fines for going over their draft budget. But, that will only be additional cash on the overage – something that they’ve done several times in the past.
The Reds have also signed 14th round pick out of Florida Mike Byrne. He got a signing bonus of $265,000 according to Jim Callis. That changes the above math a little bit.
So I have run all of the numbers again. There are two scenarios at hand, here, and it’s where the confusion is coming from. The pool amount is for the Top 10 rounds. Players signed after the top 10 rounds can sign for up to $125,000 before any money counts towards the pool. IF the pool money changes if you sign a player beyond $125,000, and that $125,000 is then added to the overall pool, then the Cincinnati Reds are in the clear by just over $14,000. If that money is not counted towards the pool, then the Reds are OVER their pool by about $4,000. I will just go ahead and assume that the Cincinnati Reds know the rules better than I do, and that they are under their pool at the $125,000 gets added to the overall pool when you do indeed go over it.