Indians, Frazier agree to $3.5 million signing bonus
The Cleveland Indians have agreed to contract terms with fifth overall pick prep outfielder Clint Frazier. He is in town for the weekend and is expected to officially sign his contract on Saturday and should talk with the local media on Saturday or Sunday. He will receive a $3.5 million signing bonus, which is $287,000 below the $3.787 recommened slot value for their pick.
The Indians recently signed other top 10 rounds picks 8th rounder Trevor Frank ($10,000) and 9th rounder Thomas Pannone ($120,000). Both are underslot signings as well, so with six unsigned top 10 round picks remaining the Indians are $463,100 under budget for the Top 10 round bonus pool.
Follow Tony and the Indians Baseball Insider on Twitter @TonyIBI. Also, his new book the 2014 Cleveland Indians Baseball Insider which profiles the Indians' Top 100 Prospects and more is available for sale.