Rockies agree to terms with No. 3 overall pick Jonathan Gray

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As first reported by Troy Renck of the Denver Post, the Rockies have agreed to terms with the third overall pick from last week’s 2013 MLB Amateur Draft, Oklahoma right-hander Jonathan Gray.

The financial terms have not been announced.

Gray holds maybe the highest upside of any pitcher in this year’s class. Featuring an upper-90s fastball, a deceptive changeup and a high quality slider, he posted a 1.64 ERA, 0.85 WHIP and 147/24 K/BB ratio in 126 1/3 innings this season for the Sooners. There was also that positive predraft Adderall test.

The 21-year-old is going to start his professional career with the rookie-level Grand Junction Rockies.

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UPDATE, 10:18 PM ET: Jim Callis of Baseball America says Gray’s signing bonus is worth $4.8 million.