photo: Levi Prater (The OU Daily)
The St. Louis Cardinals’ third-round draft pick in 2020, University of Oklahoma junior left-handed pitcher Levi Prater, finalized his first professional contract on Friday evening, the team announced.
Levi Prater is officially a Cardinal!
We have agreed to terms with our 3rd round pick. https://t.co/FA0vE5ghcX
— St. Louis Cardinals (@Cardinals) June 20, 2020
Prater will celebrate his 21st birthday on Saturday. The amount of his signing bonus is not yet available. The slot value for his pick, 93rd overall, is $627,900, but I predict his deal will be at or below that number.
Update: Prater signed for $575,000, per MLB Pipeline.
For full details on Prater’s background and offerings, check out the following article.
The Cardinals have now officially signed three of their seven selections from the draft along with eight non-drafted free agents. Prior deals announced are with a pair of outfielders, Alec Burleson (70th overall) and fifth-rounder, L.J. Jones IV, both of whom accepted under-slot bonuses.
The St. Louis Post-Dispatch also reports that the Cardinals also have an agreement in place with their fourth-round selection, pitcher Ian Bedell. The former University of Missouri right-hander is expected to receive a signing bonus above than his slot value, so it may be announced later after other deals are done.
The three selections that remain are the team’s top three, expected to be the most expensive to sign – all high schoolers. They are first-round third baseman Jordan Walker, and second-rounders Masyn Winn and Tink Hence. The Cardinals have approximately $850,000 of additional cap space currently, including a potential five percent overage.
The deadline to sign draft picks is August 1 and with no baseball being played this season, the urgency is somewhat lessened. Ultimately, the Cardinals are expected to sign all seven draftees.
To track the status of the Cardinals’ 40-man roster as well as all players in the system by position and level, check out the Roster Matrix, always free and updated here at The Cardinal Nation. Also included is every player transaction across the full organization all year long.
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