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Lobstein signs for $1.5 million

Posted Aug 15, 2008 by Marc Lancaster

Updated Aug 15, 2008 at 04:21 PM

ARLINGTON, Texas—The Rays today signed second-round draft choice Kyle Lobstein to a contract, meaning the team has signed 26 of its top 28 selections in this year’s June draft.

Lobstein received a $1.5 million signing bonus—nearly double the recommended slot value for where he was selected. The Rays needed to go up a ways to convince him to turn down the University of Arizona and go pro.

“I’m at a loss for words,” Lobstein said today from his Arizona home. “But it’s definitely exciting and a little overwhelming. I’m happy it got done.”

Lobstein will head to Princeton on Sunday but will not pitch in a minor-league game this season. Instead, he’ll get acclimated to his teammates and coaches before heading to Florida for Instructional League in the fall.

The only higher-level draft picks still unsigned heading into the midnight ET deadline were 15th-round pick Brandon Meredith and 21st-rounder Ryan Carpenter. Both were expected to choose college over pro contracts, with LHP Carpenter pledged to Gonzaga University and 1B Meredith heading to San Diego State.

Reader Comments

Por (Rick C) on August 15, 2008 (Suggest removal)

Another example of how this organization and ownership group is committed to putting a winning product on the field.  The only way this team is able to stay competitive is to always have prospects moving up through the system, not just for next year but for years to come.  And all reports on Lobstein are he has the potential of a future ace, so a   $1.5 mill gamble could pay off huge in 3-4 years.  Go Rays! Thank you Sternberg.  Thanks to you we move farther and farther from the miserable days of the jacka$$ Naimoli.

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