Deadline to Sign James Kaprielian Ends FRIDAY

EDIT:

Scratch all that, James Kaprielian signed a deal with the Yankees worth $2.65 million this afternoon giving the Yankees a great draft haul overall. Welcome to the family James. 

The New York Yankees took UCLA Bruins junior James Kaprielian with their first pick, 16th overall, in the Major League Baseball First Year Players Draft and the deadline to sign him is coming up fast. Tomorrow, Friday the 17th, by 5:00 pm ET Kaprielian has to announce that he's either signed with the Yankees or decided not to sign and head back to UCLA for his senior season with the Bruins.

With the 16th overall pick the Yankees were given a $2,543,300 slot recommendation although Kaprielian, represented by Scott Boras, is said to be asking for closer to $3 million. The Yankees have gone over slot for a couple of picks this season including most recently for LHP Josh Rogers out of Louisville and has not cleared nearly that much cap space to give Kaprielian the full $3 million.

New York can go no more than 5% over their draft pool allotment without sacrificing future draft picks in the 2016 draft leaving the Yankees with a max of $2,738,565 according to River Ave Blues (and $2,676,450 according to Jim Callis) left to give to Kaprielian. For what it's worth the Yankees are saying the two sides are still negotiating while Jon Heyman thinks the two sides will get a deal done before the deadline tomorrow, guess we'll have to stay tuned.

Sources: it's likely yankees and No. 15 overall pick James kaprielan will have deal. Ucla rhp.

— Jon Heyman (@JonHeymanCBS) July 13, 2015