Per Peter Abraham of the Boston Globe, the Red Sox have signed the former first round draft pick to a contract. Since being selected by the Texas Rangers in the 2010 amateur draft, Olt peaked at 22nd on Baseball America’s top rankings list in 2012. He also announced the signing with this video on his Instagram account.
The deal will likely be a minor league contract, as he hasn’t spent consistent time in the majors since 2014 when he was a member of the Chicago Cubs. His career has been marred by injuries which have held him back from delivering on his promise as a prospect.