lucas giolito

Nationals go over slot, sign Lucas Giolito for $2.925 million

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Just seconds before today’s 5:00 p.m. eastern time deadline the Nationals and No. 16 overall pick Lucas Giolito agreed to a $2.925 million bonus, according to Jim Callis of Baseball America.

Giolito was in the mix for the No. 1 overall pick before an elbow injury ended his season and questions about the California high school right-hander’s bonus demands likely caused him to drop even further, but the Nationals happily snatched up one of the draft’s highest-upside prospects in the middle of the first round and worked out a deal.

Slot value for the 16th pick was $2.125 million, so drawing things out until the last second earned Giolito an extra $800,000 and by going over their allotted budget the Nationals will have to pay a tax. They will not, however, have to forfeit a draft pick next year, which is something general manager Mike Rizzo insisted all along they were unwilling to do.

Rockies sign Ian Desmond for five years, $70 million

ARLINGTON, TX - OCTOBER 07:  Ian Desmond #20 of the Texas Rangers reacts after hitting a double against the Toronto Blue Jays in the seventh inning of game two of the American League Divison Series at Globe Life Park in Arlington on October 7, 2016 in Arlington, Texas.  (Photo by Ronald Martinez/Getty Images)
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The Rockies have signed free agent outfielder/infielder Ian Desmond for five years and $70 million.

Desmond, 31, played his first season as a full-time outfielder with the Rangers in 2016. Before that he was the Nationals shortstop. He’ll almost certainly be an outfielder in Colorado, or else will play first base, as the Rockies have Trevor Story at short. Desmond hit .285/.335/.446 with 22 home runs, 86 RBI, 107 runs scored, and 21 stolen bases in 677 plate appearances, though he was much, much better in the first half than the second half.

The Rangers had placed a qualifying offer on him which he rejected, so the Rockies will have to give up their first round pick in the 2017 draft, which is 11th overall. That’s the highest pick a team can surrender under the qualifying offer system, as the first ten picks in the draft are protected.

Jeff Locke signed by the Marlins

LOS ANGELES, CA - AUGUST 13: Relief pitcher Jeff Locke #49 of the Pittsburgh Pirates throws against the Los Angeles Dodgers during the eighth inning of the baseball game at Dodger Stadium Stadium August 13, 2016, in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)
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Ken Rosenthal reports that the Marlins have signed lefty Jeff Locke. Terms have yet to be disclosed.

Locke was non-tendered by the Pirates last week after putting up a 5.44 ERA over 127.3 innings in 2016. He’s just 29 and, even if he’s never been super great or anything, he has pitched better in the past, posting a career 4.16 ERA before last season.