Posey on the cusp of getting $7.5 million; Crawford signs, too

Andrew Baggarly - Extra Baggs (weblog)

According to industry sources, No.5 overall pick Buster Posey is a done deal. It’s expected to be a major league contract in the neighborhood of $7.5 million. That shatters the biggest amateur bonus in franchise history — by nearly $5 million.

We knew Posey was going to get at least $6 million, which is what Georgia Tech catcher Matt Wieters got in the same slot last year. Posey’s bonus is more than the $6.15 million that Tampa Bay gave to the first overall pick, high school shortstop Tim Beckham. It might be the biggest deal that any draft pick signs this year.

The Giants refuse to confirm, though Brian Sabean told me that progress had been made and they might not be forced to sweat to the last hour of Friday’s deadline. I originally heard that Posey just needed to pass a physical, but now I’m told he already had one last week in Scottsdale.

Also, third-rounder Roger Kieschnick got $525,000, which is $40,000 over slot value. And while it hasn’t been announced, their fourth-round pick, UCLA shortstop Brandon Crawford, has signed for $375,000 — $92,000 over slot. Bruins officials were told he’s not coming back next season.

So yes, the Giants be a’spending.