According to Bob Elliott, the Yankees have signed second round pick LHP Jeff Degano to a $650,000 signing bonus. That is well below the $1,074,400 slot value for the 57th overall pick. We heard Degano was in Tampa two weeks ago, indicating the two sides were close to a deal.
Degano, 22, was at Indiana State from 2013-15 but missed most of 2013 and all of 2014 due to Tommy John surgery. He returned to the mound this spring and pitched to a 2.36 ERA with a 126/28 K/BB in 99 innings, and he was especially strong down the stretch after shaking off the elbow reconstruction rust.