The Pittsburgh Pirates have signed right-handed pitcher Gage Hinsz to an over-slot deal, according to Jim Callis.
— Jim Callis (@jimcallisMLB) July 6, 2014
Hinsz was an 11th round pick out of high school, and was able to command a high bonus. Any pick after the 10th round can receive up to $100,000 before counting against the bonus pool. Any amount over that first $100,000 counts towards the pool. Hinsz was signed for $580,000, which means only $480,000 counts towards the bonus pool.
The Pirates had $131,300 remaining in their bonus pool, although they’re able to go up to 5% over their bonus pool without losing a future draft pick. They went right up to the limit, as 5% amounts to $484,485 total that they could have spent. The Pirates only have $4,485 remaining before they’d lose a draft pick, which means they’re likely done signing picks. The Pirates will have to pay a fine on the overage, paying a 75% tax on the amount above their bonus pool. Their fine is an extra $261,525. You can’t really attribute that money to Hinsz, since it reflects the total money spent.
Tim is the owner, producer, editor, and lead writer of PiratesProspects.com. He has been running Pirates Prospects since 2009, becoming the first new media reporter and outlet covering the Pirates at the MLB level in 2011 and 2012. His work can also be found in Baseball America, where he has been a contributor since 2014 and the Pirates' correspondent since 2019.