Cubs sign No. 2 overall pick Kris Bryant for $6.7 million

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No. 2 overall pick Kris Bryant and the Cubs have agreed to a deal ahead of Friday’s deadline for draft picks to sign.

And despite all the headlines about Bryant holding out for more money than the Cubs were comfortable paying Jim Callis of Baseball America reports that the San Diego third baseman will get a bonus worth $6,708,400. In other words he signed for the exact slot recommended bonus amount for the No. 2 pick, which is slightly more than the below-slot $6.35 million bonus Mark Appel got from the Astros at No. 1.

As an experienced college hitter who hit more homers than most NCAA teams this season Bryant should move pretty quickly through the Cubs’ farm system, perhaps even putting himself in position for a call-up at some point next season if things go well.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.