Report: Mark Appel could sign next week

Report: Mark Appel could sign next week
June 14, 2013, 8:30 pm
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In 14 starts for Stanford in 2013, Mark Appel went 10-4 with a 2.12 ERA and 130 strikeouts in 106.1 innings. (AP)

The Houston Astros passed on Mark Appel last year's draft due to concerns about how much they would have to pay him, but they couldn't pass on the talented right-hander this year.

And just over a week after making the Stanford ace the No. 1 overall pick, the Astros appear to be close to signing Appel, according to Yahoo! Sports.

Appel could sign on the dotted line as early as next week. Baseball America states that the recommended value of the contract for the No. 1 overall pick is $7,790,400. Appel is represented by Scott Boras, but that doesn't look like it will stand in the way of the Houston-native signing quickly.

Under the new Collective Bargaining Agreement, the Astros have $11,698,800 to sign all players drafted in the top 10 rounds. If they pay Appel more than the recommended money, it eats into their budget to sign the rest of the top picks.

Appel was one of the top talents in the 2012 draft, but was passed over by the Astros and six other teams before the Pittsburgh Pirates selected him with the No. 8 pick. A junior at the time, Appel expected to go higher and did not sign with the Pirates. He went back to Stanford for the final season and re-entered the draft this year.

His gamble is about to pay off.