Andrew had the initial report on the MLB Draft signing deadline passing without Kumar Rocker reaching a deal with the New York Mets, and this morning I have some deeper thoughts about the whole ridiculous thing.
The following is what I think is probably true. This is all based on reports and guesswork on my part.
The Mets had an informal agreement with Rocker to sign for $6 million, pending physical. Rocker then (according to the Mets) failed said physical, though the Mets were pretty nonspecific about what exactly they saw that spooked them. The Mets then tried to get Rocker to accept a reduced signing bonus, Rocker said his number was $6 million, and the deadline passed with neither side budging.