Ethan Hearn signs with the Cubs

[MetEdDawg]

Signed for 950K, which is just over 700K dollars over his slot value.

Sounds like the Cubs really wanted him to go that much over value

[msstate7]

Good deal for him

[Todd4State]

I thought this was done a while back?

[Todd4State]

Good deal for him

Hope he has good plans after baseball.

[MetEdDawg]

I thought this was done a while back?

I think it was but not sure the specifics were released.

I had not heard how much money he had gotten until I saw it come across Twitter an hour or so ago.

[msstate7]

Hope he has good plans after baseball.

I hope 90% of all drafted do

[Todd4State]

I hope 90% of all drafted do

And the other 10% you hope fail?

[msstate7]

And the other 10% you hope fail?

What are you talking about? I'm being very generous and saying that 10% actually make it

[Tbonewannabe]

And the other 10% you hope fail?

I am guessing he is saying that only 10% will make it.

[msstate7]

Just curious, how many of our drafted players (not signees) the last 10 years got 950k or better?

[ShotgunDawg]

Signed for 950K, which is just over 700K dollars over his slot value.

Sounds like the Cubs really wanted him to go that much over value

Once he went in the 6th round, he had already agreed with the Cubs. Except 1st rounders, where picks are protected, ALL PLAYERS DRAFTED IN THE TOP 10 ROUNDS SIGN. YOU DON'T GO IN THE TOP 10 ROUNDS UNLESS YOU'VE ALREADY AGREED WITH THE CLUB DRAFTING YOU.

The Cubs couldn't sign their 3rd round pick, Michael McAvene from Louisville until after the CWS. They signed McAvene for 65K under slot, which contributed to Hearn's bonus.

You can't sign a player for over slot until you've signed the players for under slot that allow you to go over slot with another player. Louisville being in the CWS delayed that process.

[ShotgunDawg]

Hope he has good plans after baseball.

He'll have 950K in the bank & 100% free schooling. Both of which don't happen if he goes to school

[Tbonewannabe]

He'll have 950K in the bank & 100% free schooling. Both of which don't happen if he goes to school

He will have around $600k to live off of for the next 3-4 years.

[MaroonFlounder]

He is a catcher positionally correct? That is his value, and why the Cubs overpaid, I bet. I hate Contreras. May he soon move on to another team.

[msstate7]

He is a catcher positionally correct? That is his value, and why the Cubs overpaid, I bet. I hate Contreras. May he soon move on to another team.

Contreras is a total douche, but he's also a very good player.

[ShotgunDawg]

He will have around $600k to live off of for the next 3-4 years.

An 18 year old can't get more than 3-4 years out of $600K?

[State82]

An 18 year old can't get more than 3-4 years out of $600K?

Yeah. Give me 600k and see how many years I get out of it. Way more than 3-4 I can assure you.

[Tbonewannabe]

An 18 year old can't get more than 3-4 years out of $600K?

I am just saying 3-4 years and you should be knocking on the MLB door. So you either have that amount or you go back to school or do whatever. It is similar to the other scenario in the thread where we were talking about someone signing for $500k. When you get around $1 Mil, you have to be Really Confident in your abilities to turn that down and go to college.

Ginn turned down $2 Mil and I believe Paul Maholm turned down $750k back in the day. Maholm's gamble paid off since he ended up signing for $2 or 3 Mil and we will see next year if Ginn improved his draft stock.

Has any person at catcher ever turned down that kind of money?

[Tbonewannabe]

Yeah. Give me 600k and see how many years I get out of it. Way more than 3-4 I can assure you.

I would hope so and he should have a nice start to life with that kind of bonus. He has plenty of money to set himself up and should also have the college tuition clause in his contract so if he doesn't make MLB then he should have enough in the bank to go to college, buy a house and car, and still have some cash in the bank.

It would be hard to turn down close to a Mil unless you had starting pitcher talent like JT Ginn.

[msstate7]

I would hope so and he should have a nice start to life with that kind of bonus. He has plenty of money to set himself up and should also have the college tuition clause in his contract so if he doesn't make MLB then he should have enough in the bank to go to college, buy a house and car, and still have some cash in the bank.

It would be hard to turn down close to a Mil unless you had starting pitcher talent like JT Ginn.

I think it would be harder to turn down the money as a starting pitcher... pitchers get hurt too easily.