Winnisquam's Cote signs with Yankees

Yankees third-round draft pick and recent Winnisquam Regional (N.H.) graduate Jordan Cote confirmed to ESPNBoston.com this morning that he is signing with the club and turning pro.

Cote, a 6-foot-5 righthander who went 118th overall to the Yankees in last June's draft, said this morning that the documents were sent to the commissioner's office yesterday, and were awaiting approval. Deferring to the advice of his advisor, Cote declined any further comment until tomorrow night, when he is expected to perform a ceremonial signing in Concord, N.H.

Jim Callis of Baseball America is reporting that the Sanbornton, N.H. resident signed for a bonus of $725,000, the highest bonus for a third-rounder so far this summer. A league source has since confirmed this number with ESPNBoston.com.

Shortly after he was picked by the Yankees on June 7, Cote told ESPNBoston.com that his advisor and the club had come to terms on an undisclosed number that both parties were "very comfortable with", but that it would be realistic to expect him to sign close to tonight's deadline for signing draft picks.

The Yankees were reportedly high on Cote, who was projected to go anywhere from the third to seventh rounds in last June's draft. ESPN's Keith Law had him ranked No. 85 on his list of top 100 prospects, calling his physical tools "a pitching coach's dream."

Prior to the draft, an American League scout gave me the following scouting report on Cote:

"He’s the one that’s been climbing the most. I’d say Cote was one that was kind of a sleeper early in the season. People had to wait and see what you get out of him, being in a Northern climate, playing on 35-degree days more so than Mass kids. Early on, he struggled, was hitting 87-88, then over the last two or three weeks, as the weather warmed up he found his groove. He’s really climbed into the upper echelon of high school prospects. You look at that frame, 6-6, 215, and there’s a lot of projectability. You could see him filling out to 240, and see that fastball velocity increase because of the hand speed he demonstrates."