Below is bonus and signing information for the 2023 Cincinnati Reds draft. Any player taken after the 10th round can sign for up to $150,000 without coming into play for the ‘draft cap’. If they sign for over $150,000, anything over the first $150,000 that player signs for counts toward the ‘draft cap’. The Reds draft cap this year is $13,785,200 for rounds 1-10. Players who have agreed to signed are in BOLD. Players who have confirmed to have signed are in BOLD.
The signing deadline this year is July 25th, except for college seniors and junior college players drafted in rounds 11-20. They will remain eligible to sign until 1 week prior to the 2024 draft.
| Draft Spending Cap | Slot $ for Signed Picks | Total Spent | Extra Money |
| $13,785,200 | $13,935,200 | $14,624,000 | -$688,800 |
Early on all bonuses are not known, so the chart above may not be accurate for the number of players signed, but only shows the numbers for known signed bonuses.
For scouting reports and other information on all of the drafted players, you can click here.
| Round | Player | Position | Slot | Signed For |
| 1 | Rhett Lowder | RHP | $6,275,200 | $5,700,000 |
| 1 (38) | Ty Floyd | RHP | $2,255,100 | $2,097,500 |
| 2 | Sammy Stafura | SS | $1,998,200 | $2,497,500 |
| 3 | Hunter Hollan | LHP | $975,100 | $597,500 |
| 4 | Cole Schoenwetter | RHP | $640,300 | $1,900,000 |
| 5 | Connor Burns | C | $451,100 | $448,600 |
| 6 | Ethan O’Donnell | OF | $348,400 | $307,500 |
| 7 | Dominic Pitelli | SS | $271,600 | $222,500 |
| 8 | Carter Graham | 1B | $215,400 | $212,900 |
| 9 | Logan Van Treeck | LHP | $183,900 | $122,500 |
| 10 | Graham Osman | LHP | $170,900 | $122,500 |
| 11 | Jack Moss | 1B | $150,000 | |
| 12 | Simon Miller | RHP | $150,000 | |
| 13 | Cody Adcock | RHP | $150,000 | |
| 14 | Kyle Henley | OF | $150,000 | $395,000 |
| 15 | Dylan Simmons | RHP | $150,000 | |
| 16 | Bernard Moon | SS | $150,000 | |
| 17 | JeanPierre Ortiz | SS & RHP | $150,000 | |
| 18 | Drew Petska | RHP | $150,000 | |
| 19 | Herick Hernandez | LHP | $150,000 | |
| 20 | Gabe Gaeckle | RHP | $150,000 |


