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Matt Harvey Signs

No details have escaped yet, but Keith Law has just reported via Twitter that Matt Harvey has signed with the Mets. No word on whether Matt Harvery has signed, however.

I'll post the details here as soon as we find out, but it's a necessary move. As deep as next year's draft is, it is significant to lose a year of development time from a player. For those who have forgotten, you can read my scouting report on Harvey here.

No word yet on Greg Peavey or any of the other draftees, but news will continue to trickle in all night.

UPDATE: Jon Heyman says the deal is for just over $2.5 million. He would know.

UPDATE: Keith Law confirms that the bonus is $2.525 million. Harvey had supposedly been asking for more, but in next year's draft there was no guarantee that he would be selected in the top 20 with no leverage, considering other viable alternatives and his own contract demands. He stood a lot to lose.

UPDATE: The Columbian reported that sixth-rounder Greg Peavey signed with the Mets a little more than an hour before the deadline. Terms have not yet been disclosed.

UPDATE: Keith Law reports that Peavey's bonus is $200,000.

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Just posted it in Fanshot

Heyman is reporting it was for a bit over $2.5M after Boras asked $4.5M

by FrancoTAU on Aug 17, 2010 12:16 AM EDT reply actions  

I know

that this is better than not signing him. Forgive my pessimism, but I’m pretty pissed at this team.

by Thomas Wachtel on Aug 17, 2010 12:17 AM EDT up reply actions  

I disagree

I would have rather not signed him. I don’t really like him as a prospect, and next year’s draft class is supposed to be fantastic. Potentially having two top 15 picks? Yes please

by yellomellojello on Aug 17, 2010 1:53 AM EDT up reply actions  

They went over slot by a bit too.

“Last year, MLB recommended a $2.178MM bonus for the seventh-overall selection.”

http://www.mlbtraderumors.com/2010/08/mets-to-sign-matt-harvey.html

by FrancoTAU on Aug 17, 2010 12:17 AM EDT reply actions  

Well, at least we didn't screw this up?

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

by Brooklyn Dodgers Mets Fan on Aug 17, 2010 12:19 AM EDT reply actions  

Yeah.

This.

Ed Rooney: What's the score?
Pizza Joint Owner: Nothin' nothin'.
Ed Rooney: Who's winning?
Pizza Joint Owner: The Bears.

by R_Adragna on Aug 17, 2010 1:06 AM EDT up reply actions  

Only time will tell...

My money is on screw up eventually, and see FrancoTAU’s comment above. The Mets overpaid. How much they overpaid (or if they…cherish the day…did at all remains to be seen.

by MookieTheCat on Aug 17, 2010 6:38 PM EDT up reply actions  

We already found out

they didn’t overpay. He got 2.5 million

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 6:47 PM EDT up reply actions  

This is less than 20% over slot?

My math machine must be messed up or something. Point is that paying 20% more than a small number is nto much better than paying 20% over a large number.

by MookieTheCat on Aug 17, 2010 6:51 PM EDT up reply actions  

? Well they took him knowing they were going to go over slot

If they had stuck to slot at #7 we’d probably be stuck with a guy projected to go in the third ronud.

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 6:53 PM EDT up reply actions  

yeah, going half a mill overslot on top 10 picks is more than fine.

MLB has unrealistically low bonus recommendations for top tier talent. I have no idea why they even do these slot recommendations.

by FrancoTAU on Aug 17, 2010 6:58 PM EDT up reply actions  

because they half ass everything?

because it’s easier than actually trying to regulate the players union and the owners?

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 7:01 PM EDT up reply actions  

Seriously?

Damn.

Here’s hoping Washington continues to get bled monetarily, making them less of of theoretical future threat.

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

by Brooklyn Dodgers Mets Fan on Aug 17, 2010 12:29 AM EDT up reply actions  

Good news

Hopefully he turns out to be something special

There is no hope.... there is no future....there is only GRISSIONZ

The 2010 Mets- Hey, we may suck, but what did you expect?

by Syler on Aug 17, 2010 12:21 AM EDT reply actions  

Oh and Peavey's hometown newspaper said he signed with us

Nothing on Drew Martinez though

There is no hope.... there is no future....there is only GRISSIONZ

The 2010 Mets- Hey, we may suck, but what did you expect?

by Syler on Aug 17, 2010 12:23 AM EDT up reply actions  

Let's hope

he works out well

Is the sun going to come up tomorrow?

by Brian. on Aug 17, 2010 12:23 AM EDT reply actions  

Credit where it's due.

Sensible move by the team, and it doesn’t feel like they overpaid for what they got.

by Jack Str on Aug 17, 2010 12:26 AM EDT reply actions  

I actually think for top guys it is

I believe Pelfrey was placed on the 40 and got a major league deal, but he was a much higher pick.

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 6:26 PM EDT up reply actions  

I believe Humber was also.

The one and only mistermet on teh Interwebz!

by Steve Schreiber on Aug 17, 2010 6:30 PM EDT up reply actions  

Hmm, that's interesting

I can’t see why a player would really care either way. I doubt a team would bury their top 10 pick for 5+ years unless he was clearly pretty sucky to the point he wouldn’t get Rule V’ed anyways.

by FrancoTAU on Aug 17, 2010 6:37 PM EDT up reply actions  

It starts using up option years immediately, which allows them to get to arbitration and free agency much quicker

It’s actually a really big deal to the players

Reyes, Thole, Wright, Beltran, Bay, Davis, Martinez, Tejada...

by Stephen Schmidt on Aug 17, 2010 6:45 PM EDT up reply actions  

Really? I thought the Nat waited so long to promote Starsburg

so he’d have less than half a year service time? If what you’re saying is true than he burnt through his first year anyways.

by FrancoTAU on Aug 17, 2010 6:59 PM EDT up reply actions  

no

the idea is using up options, forcing them to leave the player on the team when they might have otherwise sent him down which racks up service time.

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 7:02 PM EDT up reply actions  

Like

and I could be wrong but I’m pretty sure. A player uses option years once their on the 40 whether they’re called up or not. So if he spends 3-4 or how every many option years a player gets up while in the minors and then gets called up they can’t send him back down, even if he’s not ready, without passing him through waivers, and obviously a top prospect wouldn’t make it through waivers unclaimed.

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 7:03 PM EDT up reply actions  

Not at all

Being on the active 25 man roster accumulates service time, being on the 40 does not. Being on the 40 uses option years though, giving a player control of whether or not they’ll play in the minors sooner which helps in the long run.

Reyes, Thole, Wright, Beltran, Bay, Davis, Martinez, Tejada...

by Stephen Schmidt on Aug 17, 2010 7:07 PM EDT up reply actions  

Zach Lee

signing is the biggest shocker of the day for me. Guy was a major football recruit at South Carolina, and was considered the hardest sign in the draft. In fact, many thought the Dodgers only drafted him to avoid paying a bonus this year. Bonus was $5.25 million.

That said, I really, really liked him. Not sure I 5.25 million liked him, but I did have him in my top 15.

by Alex Nelson on Aug 17, 2010 12:33 AM EDT reply actions  

Whoops

meant LSU recruit, not South Carolina.

by Alex Nelson on Aug 17, 2010 12:34 AM EDT up reply actions  

yeah

LSU is kind of screwed

mediocrity thy name is Wilpon- jdon

by Gina on Aug 17, 2010 12:37 AM EDT up reply actions  

Is it possible

Harvey will pitch in Brooklyn before their season ends?

Is the sun going to come up tomorrow?

by Brian. on Aug 17, 2010 12:51 AM EDT reply actions  

Probably not.

Most deadline signings do not.

by Alex Nelson on Aug 17, 2010 12:59 AM EDT up reply actions  

Nice!

All things New York Baseball

by metsbaseball93 on Aug 17, 2010 12:56 AM EDT reply actions  

Don't have final numbers

But my draft is looking like it comes in roughly $400,000 cheaper than the Mets’ which isn’t exactly fair since Josh Sale would have gotten comparable money had he gone #7 instead of Harvey. (Of course, I also got bitten a little when the Indians gave Tyler Holt an absurd $500,000 to sign a few days early—way too much to give to a 10th round college junior with strikeout problems.) That said, both me and the Mets are definitely in the same ballpark, which is my only real goal when I do these things.

by Alex Nelson on Aug 17, 2010 1:11 AM EDT reply actions  

Too bad

We drafted a srub when we could have gotten much better pitchers and hitters. Harvey doesn’t have the upside and has to work a lot on his command.

by TomCarvel on Aug 17, 2010 1:44 AM EDT reply actions  

Actually

Harvey has a lot of upside (potential ace upside). The problem is command, as you mention and secondary stuff. But with his fastball, he’s got top of the rotation potential if he progresses.

The one and only mistermet on teh Interwebz!

by Steve Schreiber on Aug 17, 2010 1:49 AM EDT up reply actions  

I definitely wouldn't call him a scrub.

He’s certainly not the safest pick but he’s definitely not an Eddie Kunz, for example.

The one and only mistermet on teh Interwebz!

by Steve Schreiber on Aug 17, 2010 1:50 AM EDT up reply actions  

He's pretty much all upside, about as risky a college player as you can get

He might have the best combination of velocity and movement on his fastball in the entire draft, I really don’t see how he has no upside.

Reyes, Thole, Wright, Beltran, Bay, Davis, Martinez, Tejada...

by Stephen Schmidt on Aug 17, 2010 4:56 PM EDT up reply actions  

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