OAKLAND, Calif. -- Kentucky right-hander Kyle Cody, the 73rd overall pick in this year's draft, failed to sign with the Twins by Friday's 4 p.m. Central deadline.
Cody called the process "a tough journey" in announcing the news on his Twitter account.
The Twins forfeit the $839,700 slot for failing to sign Cody, a hulking power arm Twins scouting director Deron Johnson had compared to Mike Pelfrey. Cody was taken in the competitive-balance round between Rounds 2 and 3.
The Twins, who will receive the No. 74 pick in the 2016 as compensation for failing to sign Cody, also lost their 2015 second-rounder as compensation for signing free-agent right-hander Ervin Santana, who rejected a qualifying offer from the Atlanta Braves.