Astros, No. 1 pick Carlos Correa have verbal agreement

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Astros owner Jim Crane told MLB.com’s Brian McTaggert that the team and Carlos Correa have come to a verbal agreement less than 48 hours after he was picked first overall in the MLB draft.

Correa is expected to get around $5 million, which would leave the Astros with over $6 million to sign the rest of their picks. With Correa coming in roughly $2 million under his assigned slot value, it gives the team plenty of flexibility to sign highly regarded supplemental first-rounder Lance McCullers.

Reports indicated that the Astros offered Stanford right-hander Mark Appel a $6 million bonus prior to the draft and turned to Correa after Appel turned them down. Appel slipped to the Pirates with the No. 8 pick.

The 17-year-old Correa is expected to begin his pro career with the Gulf Coast League Astros later this month.