Cubs sign No. 4 pick Kyle Schwarber for below slot bonus

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When the Cubs drafted Indiana University catcher Kyle Schwarber with the fourth overall pick it was viewed as a surprising move and the assumption was that they’d save money on that signing and use the extra funds to help snag a high-upside player later in the draft.

Sure enough, Carrie Muskat of MLB.com reports that Schwarber and the Cubs have agreed to a deal worth $3.125 million, which is about $1.5 million below the slot-recommended bonus of $4.621 million for the No. 4 overall pick.

Of course, that doesn’t mean Schwarber will prove to be a poor choice. Prior to the draft Baseball America rated him as the 17th-best prospect in the class and he hit .350 with huge power and an OPS above 1.100 in his final two college seasons. And now the Cubs have $1.5 million to throw around in an effort to add a harder-to-sign player from later in the draft.