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.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.