The Pittsburgh Pirates have signed first overall pick Gerrit Cole, and second round pick Josh Bell, according to Jon Heyman (Cole, Bell).
Cole will get $8 M, and it's a minor league deal, per Dejan Kovacevic. The bonus is the highest in draft history, topping the $7.5 M bonus that Stephen Strasburg received. It's also a record for the Pirates.
Josh Bell gets $5 M. That's the fourth biggest bonus given out by the Pirates, behind Cole, Jameson Taillon, and Pedro Alvarez.
The two bonuses bring the Pirates' total spending to just under $16.5 M, which is a draft record. That doesn't include unannounced bonuses, which will bring the total to over $17 M.
The Pirates have officially announced each move. The draft pick signing tracker is updated with the moves....
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.