After signing his first professional baseball deal, Florida junior right-handed pitcher Alex Faedo spent the Fourth of July roaming around downtown Detroit.
According to Jon Heyman of Today’s Knuckleball and fanragsports.com, Faedo was signed for $3.5 million, slightly above the slot.
The signing bonus was not confirmed by club authorities or Faedo’s father, Landy Faedo.
Faedo was selected 18th overall by the Detroit Tigers, and his slot value is slightly over $3.2 million.
When Faedo was introduced during a Wednesday afternoon news conference at Comerica Park, he wore a Tigers cap and a No. 1 Tigers shirt.
Before seeing the media, Faedo had a brief discussion with Tigers veteran ace Justin Verlander.
Faedo, who stands 6 feet 5 inches tall and weighs 225 pounds, pitched 123 2/3 innings and went 9-2 with a 2.26 ERA and 157 strikeouts.
Faedo will not pitch in the Tigers’ farm system until next season, according to Scott Pleis, director of amateur scouting.
“He’ll report to Lakeland and do everything the other guys do, but he’s not going to throw.”
Faedo stated that he intends to train with the organization’s strength and conditioning team.
He admitted to having a cramp in his final performance at the College World Series, but it isn’t the reason the Tigers have suspended him for the rest of the season.
Alex Faedo Net Worth
Alex Faedo has a net worth estimation of $1 million
Alex Faedo Salary
Alex Faedo makes a base salary of $700,000.
Alex Faedo Contract
The Detroit Tigers signed Alex Faedo to a one-year, $700,000 contract, with $700,000 guaranteed.