2012 MLB Draft: Cubs Sign No. 6 Pick Albert Almora, Finish Draft Signings

The Chicago Cubs have agreed to terms with their top draft pick, OF Albert Almora, taking him No. 6 overall in the 2012 MLB Amateur Draft. According to Jim Callis of Baseball America, the Cubs have finally signed the young athlete:

And were the Cubs efficient at managing their budget under the new collective bargaining agreement? According to Callis, the Cubs finished with cash to spare:

The Cubs reportedly went $373,800 over their bonus pool budget, but avoided the second tier of penalties -- which include the loss of a first round draft pick -- by keeping under the $396,695 limit (5% of their bonus pool), leaving them just about $23,000 under.

For updates, stay tuned to SB Nation Chicago. For more in-depth coverage, head over to Cubs blog Bleed Cubbie Blue. For more comprehensive MLB prospect and draft coverage, visit Minor League Ball. And for more news and notes from around the league, check out Baseball Nation.

Check out the SB Nation Channel on YouTube

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Chicago

You must be a member of SB Nation Chicago to participate.

We have our own Community Guidelines at SB Nation Chicago. You should read them.

Join SB Nation Chicago

You must be a member of SB Nation Chicago to participate.

We have our own Community Guidelines at SB Nation Chicago. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.