2012 Draft: Yankees sign third rounder Nathan Mikolas

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Game 69: Chickens

Via K. Levine-Flandrup, the Yankees have signed third rounder Nathan Mikolas for $400k. Slot money for the 124th overall pick was $378k, so he managed to get an extra $22k. Good for him. Jeff Zampanti says they also gave him another $132k for future college costs, though that does not count against the draft pool.

Mikolas, a high schooler from Wisconsin, is a bat-first prospect with a smooth left-handed swing and power potential. He has a track record of hitting quality pitching with wood bats in showcase events. There’s a chance he could play left field long-term, but first base is more likely. Here’s some video. Mikolas is expected to join the Rookie Level GCL Yankees next week according to Zampanti. You can see all of New York’s draft picks at Baseball America and the latest draft pool info on our Draft Pool page.

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Injury News: Joba, Aardsma, Romine, Feliciano
Game 69: Chickens
  • RetroRob

    Is there anything that would prevent a team, like the Yankees, from committing an extra $400K toward future college costs (hey, the goal is Harvard!), and then the player declaring he’s not going to college in a couple years, and the Yankees then giving him the 400K in cash. Or the player enrolls in off-season college class, which triggers the full bonus. The latter might be more likely.

    In other words, is this one of the work arounds to the CBA teams have been trying to construct?

    • http://www.yankeeanalysts.com Eric

      I’m pretty sure paying for college is standard for high school kids who sign, but I don’t think they get to keep the money if they don’t go back to school.

      • RetroRob

        I don’t know. I’ve never heard of it mentioned as consistently as I have this year.

        • yooboo

          Yanks do not have to pay him 132k upfront. If he goes to college for class or as a student Yanks will cover his expense up to 132k.

          It is not uncommon.

    • Will (the other one)

      I’ve been wondering the exact same thing. I think it’s great that teams can (and do) offer to pay future college costs, but how does this money not count as “compensation” for CBA purposes?

      • MayorKoch

        Because it may never get paid out. It would really suck if it counted and it rarely got used. This is a pretty fair way and theoretically every team has the same future college payment liability (of course can be circumvented by drafting all dummies!!!)

  • Paul VuvuZuvella

    So if I’m reading the Draft Pool page correctly, Yanks just won’t have a whole lot to spend on the late round H.S. guys.

    • Will (the other one)

      Depends on what you mean by “late round.” The draft pool only applies to the first ten rounds of picks.

      • Paul VuvuZuvella

        Each team was given a dollar amount they were allowed to spend on the top ten rounds of the draft, plus any money in excess of $100k given to a player drafted after the tenth round. If a team signs their 11th rounder for $125k, the extra $25k is applied to their draft pool.

    • Brian Cashman is Watching

      They have almost $300K to spend on post-10th round picks as of now if you add the additional roughly $200K for 4.9% over. Baseball America has a neat little feature showing exactly what teams can pay out for each draft pick. According to BA, right now the Yankees could offer Vincent Jackson or Ty Moore $388,000 without losing a draft pick.

      • Paul VuvuZuvella

        The $200K overage is nice and I forgot about that, but I’m not sure where you are getting the other $100K. You’re making an assumption on O’Brien coming under (good assumption since he’s a low negotiating leverage College Senior) but we don’t know if Refsnyder and Hensley will come in on budget or not.

        • Brian Cashman is Watching

          I’m rounding a bit: they have about $85K right now assuming everyone signs at slot level, plus the $210K from the buffer zone tax(again, very rough). Plus, remember you get the first $100K free (i.e. it does not count against the draft pool) on any pick after the 10th round. So I’m about $12K high according to BA.

          I’d be happy if O’Brien comes in at $300K. With $500K to work with, can offer $350K to both Moore and Jackson (no idea what they want, but that’s what Carmanera got last year I think).

          • j

            I heard O’Brien got really close to slot – we didn’t save that much on him.

            • Brian Cashman is Watching

              If we’re talking about a yankee draft twitter account, he admitted it was just a guess, no actual source. I have seen no confirmation that he signed either: we all thought Hensley signed when he said he was in Tampa for a physical, and since then nothing has occurred. As Mike keeps saying: college senior, no leverage.

    • Ted Nelson

      Hensley is where they could potentially save a good chunk.

  • D23

    Reminds me of Markakis of Os.

    • JohnnyC

      Except Markakis is an excellent fielder. This guys sounds…not so much.

  • DavidM

    I am Nathan Mikolas’ uncle. He gave up a full ride to Louisville to sign with the Yankees. Providing for his education was important to him and his family. From what his family told me, this is now a standard benefit given to high school students who pass up college (especially a scholarship) to turn pro right away. Nathan told me that he only gets the money if he uses it for college expenses.