Tigers, Porcello agree to four-year, $7.28M contract

This year, under a new baseball rule, draft picks have until Wednesday at midnight ET to agree on deals. After that, they are not eligible to sign.

Among the first-round picks who have yet to sign are No. 1 overall selection David Price, a left-handed pitcher taken by the Devil Rays. Infielder Mike Moustakas, the No. 2 overall choice by the Royals, and infielder Josh Vitters, taken No. 3 overall by the Cubs, also are unsigned. Switch-hitting catcher Matt Wieters, the No. 5 overall pick by the Orioles, also hasn't signed.

Left-hander Daniel Moskos, the No. 4 overall pick by the Pirates, is the highest draft selection to sign so far. Moskos was given a $2,475,000 signing bonus by Pittsburgh.

Tuesday's news:

Detroit Tigers: The Tigers and first-round draft pick Rick Porcello reached agreement Tuesday on a four-year contract worth $7.28 million.

The 6-foot-5 right-hander from New Jersey pitched for the nation's top-ranked high school team and was among the most touted prospects in the country. Represented by Scott Boras, Porcello was picked No. 27 overall in the June draft.

Porcello fell in the draft due to signability concerns from small-market teams.

Arizona Diamondbacks: First-round draft pick
Jarrod Parker has undergone an MRI exam as the two sides work
toward a contract agreement before Wednesday night's signing

Such exams are routine for those selected early rounds of the
major league draft, Arizona general manager Josh Byrnes said on

Parker, an 18-year-old right-hander whose fastball hits 94 mph
to 97 mph, had the exam on Monday and returned to his Ossian, Ind.,
home on Tuesday.

Byrnes said he remains optimistic a deal can be reached by the
deadline. Parker, the ninth
selection overall, also has signed a letter-of-intent to pitch
for Georgia Tech if no deal is reached.

Texas Rangers: The Rangers and first-round draft
pick Blake Beavan agreed Tuesday night to a minor league contract
with a signing bonus of about $1.5 million.

The 18-year-old, right-handed pitcher from Irving, Texas, High
School was the 17th selection in the June draft. The 6-foot-7,
210-pounder went 8-2 with a 0.21 ERA his senior year. He struck out
124 in 66 innings.

Beavan and the Rangers agreed to a deal a day before the signing
deadline Wednesday night.

"It felt like a good fit," Beavan said. "At the end of the
day I wanted to be a Texas Ranger and we got the deal done."

The Rangers, which had five of the first 54 selections, still
have not signed outfielder Julio Borbon (35th selection) and
right-handed pitcher Neil Ramirez (44th).

The Rangers also signed right-handed pitcher Kyle Ocampo on
Tuesday night. Ocampo was a 13th-round selection from Riverside,

Information from The Associated Press was used in this report.