With the MLB Draft signing deadline (5 p.m. ET July 15) less than 24 hours away, the Baltimore Orioles are still negotiating with NC State junior first baseman Preston Palmeiro. Palmeiro is in Baltimore to take a physical, per Baseball America’s John Manuel, which may mean a signing is imminent.
If Palmeiro does sign, it will likely be for the exact slot value of his draft spot: $204,700. Because that is exactly how much the Orioles have left in their bonus pool, and according to MASN’s Steve Melewski, the team is probably not willing to exceed that total.