Rays sign first-round pick Richie Shaffer for $1.7 million

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With three hours remaining until the signing deadline the Rays and first-round pick Richie Shaffer have agreed to terms.

Jim Callis of Baseball America reports that the Clemson third baseman will get $1,712,500, which is $12,500 below the slot value for the No. 25 overall pick.

Considered one of the best college bats in the draft class, Shaffer projects as a power hitter who may end up as a corner outfielder or first baseman defensively.