The Pittsburgh Pirates set a record last season by paying No. 1 pick Paul Skenes a $9.2 million bonus to sign with them. That record wound up lasting only one year.
Wake Forest pitcher Chase Burns set a new record Thursday by agreeing to a $9.25 million signing bonus with the Cincinnati Reds, according to Kiley McDaniel of ESPN. The No. 2 overall pick in Sunday’s draft became the first member of the class to sign.
On Friday, ESPN’s Jeff Passan reported that No. 3 pick Charlie Condon was signing with the Colorado Rockies for the same bonus.
The Colorado Rockies and slugger Charlie Condon are in agreement on a deal for a $9.25M signing bonus, sources tell ESPN. Condon, taken No. 3 overall, matches the bonus of the No. 2 pick, Chase Burns, also repped by Vayner Sports. It's the biggest draft bonus in MLB history.
— Jeff Passan (@JeffPassan) July 19, 2024
This new record could still be broken by the first of August. Top overall pick Travis Bazzana was seen as one of the two best players in the draft alongside Condon, and could still surpass the $9.25 million bonus.
This is not necessarily an indication that the Reds — or anyone else — sees Burns as a superior prospect to Skenes. MLB teams are assigned bonus pools based on a variety of factors, and as long as revenue continues to increase, the bonuses will as well. For instance, the slot value for the Reds’ pick was $9,785,000, so the team is actually signing Burns at something of a discount.
Skenes absolutely obliterated the old record last year when he signed with the Pirates. Previously, 2020 No. 1 pick Spencer Torkelson held the record with an $8.4 million bonus, a figure that is looking increasingly small relative to today’s signees.
