Austin Peterson, the highly touted shortstop out of the University of Texas, inked a record-breaking signing bonus with the Cleveland Guardians in July 2022. The $8.8 million bonus is the largest ever given to a high school or college player in baseball history.
Peterson, a 6-foot-3, 190-pound switch-hitter, was considered one of the top prospects in the 2022 MLB Draft. He batted .365 with 15 home runs and 60 RBIs in his final season at Texas.
The Guardians offered Peterson a $8.8 million signing bonus, which is $1.5 million more than the previous record set by Hunter Greene in 2017. The bonus is also $2.8 million more than the slot value for the No. 5 overall pick.
The slot value is a system established by Major League Baseball to limit the amount of money teams can spend on draft picks. The slot value for the No. 5 pick in 2022 was $6 million.
Several factors contributed to Peterson's record-breaking bonus:
Peterson's signing is expected to have a significant impact on the Guardians:
Prospective draftees can employ the following strategies to maximize their signing bonuses:
To avoid common mistakes when negotiating a signing bonus:
Austin Peterson's record-breaking signing bonus is a testament to his exceptional talent and potential. It also highlights the increasing value placed on top prospects in baseball. By following the strategies and tips outlined in this article, prospective draftees can maximize their signing bonuses and set themselves up for successful careers.
Table 1: Guardians' Draft History
Year | Round | Player | Bonus |
---|---|---|---|
2022 | 1 | Daniel Espino | $4.8 million |
2022 | 5 | Austin Peterson | $8.8 million |
2021 | 1 | Gavin Williams | $7.8 million |
Table 2: Top 10 Signing Bonuses
Player | Position | Year | Bonus |
---|---|---|---|
Austin Peterson | Shortstop | 2022 | $8.8 million |
Hunter Greene | Right-handed Pitcher | 2017 | $7.2 million |
Gavin Williams | Right-handed Pitcher | 2021 | $7.8 million |
Bryce Harper | Outfielder | 2010 | $6.25 million |
Dansby Swanson | Shortstop | 2015 | $6.2 million |
Table 3: MLB Draft Slot Values
Round | Slot Value (2022) |
---|---|
1 | $9.8 million |
5 | $6 million |
10 | $4.1 million |
15 | $3.4 million |
20 | $2.9 million |
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