Report: The Astros have reached a settlement with unsigned draft pick Jacob Nix

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According to CBS Sports’ Jon Heyman, the Astros and right-hander Jacob Nix have “quietly and confidentially” reached an agreement on a monetary settlement after a deal between the two sides fell apart following this June’s First-Year Player Draft.

Nix, who was selected in the fifth round out of high school, was set to sign with the Astros for $1.5 million. However, because Houston failed to sign No. 1 overall pick Brady Aiken over a dispute about his elbow, they no longer had the slot money available to sign Nix. They ended up signing neither of them.

Nix really got screwed in the situation and MLBPA soon filed a grievance on his behalf. It’s possible that an arbitrator could have ruled for the Astros to honor the deal, which would cause them to go overslot and lose future draft picks, but they won’t have to worry about that now. And Nix at least got some sort of compensation for getting wrapped up in this mess.

As for Nix’s future, he’s expected to pitch for a junior college in the spring and likely enter the 2015 draft.