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.

Jonny Venters is back in the majors

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The Rays announced on Wednesday that the club purchased the contract of lefty reliever Jonny Venters from Triple-A Durham. The 33-year-old hasn’t pitched in the majors since 2012 due to a continuous battle with arm injuries. The Rays note that he has undergone two and a half Tommy John surgeries, which is a number that seems to be in dispute.

Venters signed a minor league contract with the Rays in December. With Durham so far this season, he gave up two runs (one earned) on four hits and five walks with six strikeouts in 5 2/3 innings.

Before the injuries, Venters was among the best relievers in 2010-11. In those two seasons, he posted a combined 1.89 ERA with 189 strikeouts and 82 walks in 171 innings.