The Pittsburgh Pirates have signed right-handed pitcher Gage Hinsz to an over-slot deal, according to Jim Callis.
— Jim Callis (@jimcallisMLB) July 6, 2014
Hinsz was an 11th round pick out of high school, and was able to command a high bonus. Any pick after the 10th round can receive up to $100,000 before counting against the bonus pool. Any amount over that first $100,000 counts towards the pool. Hinsz was signed for $580,000, which means only $480,000 counts towards the bonus pool.
The Pirates had $131,300 remaining in their bonus pool, although they’re able to go up to 5% over their bonus pool without losing a future draft pick. They went right up to the limit, as 5% amounts to $484,485 total that they could have spent. The Pirates only have $4,485 remaining before they’d lose a draft pick, which means they’re likely done signing picks. The Pirates will have to pay a fine on the overage, paying a 75% tax on the amount above their bonus pool. Their fine is an extra $261,525. You can’t really attribute that money to Hinsz, since it reflects the total money spent.
Tim started Pirates Prospects in 2009 from his home in Virginia, which was 40 minutes from where Pedro Alvarez made his pro debut in Lynchburg. That year, the Lynchburg Hillcats won the Carolina League championship, and Pirates Prospects was born from Tim's reporting along the way. The site has grown over the years to include many more writers, and Tim has gone on to become a credentialed MLB reporter, producing Pirates Prospects each year, and will publish his 11th Prospect Guide this offseason. He has also served as the Pittsburgh Pirates correspondent for Baseball America since 2019. Behind the scenes, Tim is an avid music lover, and most of the money he gets paid to run this site goes to vinyl records.