Paul Skenes Signs Record-Breaking $92 Million Contract With Pittsburgh Pirates
Blockbuster Deal Rewards LSU Righthander with MLB's Largest Rookie Signing Bonus
Unprecedented Contract Sets New Standard for Top Draft Picks
In a historic move, the Pittsburgh Pirates have inked top overall draft pick Paul Skenes to a staggering $92 million contract, shattering previous records for rookie signing bonuses in Major League Baseball (MLB).
The 21-year-old from Fullerton, California, emerged as one of the most coveted pitching prospects in recent memory after a stellar career at Louisiana State University (LSU). His exceptional talent and potential have earned him the distinction of securing MLB's largest rookie signing bonus to date.
The Pirates initially agreed to a one-year, $740,000 contract with Skenes, including a $740,000 guaranteed salary. However, in a surprising turn of events, the two parties subsequently reached an unprecedented $92 million agreement on July 18th, 2023, setting a new benchmark for draft pick contracts.
Skenes' signing bonus eclipses the previous record held by former New York Yankees infielder Derek Jeter, who received a $10 million bonus in 1992. The right-handed pitcher's contract underscores the immense value placed on his rare and exceptional skills.
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