Reds 2023 draft pick Cole Schoenwetter agrees to over-slot deal

The Cincinnati Reds have signed all of their top draft picks from the 2023 MLB Draft. The lingering holdout was Cole Schoenwetter who inked an over-slot deal last week.

Every prospect the Reds draft in Rounds 1-10 have officially signed. Under-slot deals for picks like Rhett Lowder (Round 1), Ty Floyd (Round 2), and Hunter Hollan (Round 3), helped Cincinnati save enough money in their draft pool to secure the services of Schoenwetter.

The 105th selection carried a pick value of $645,000, but according to MLB.com, Schoenwetter signed for $1.9-million.

Reds sign 4th round pick Cole Schoenwetter for $1.9 million bonus, $1.2 million above slot value

According to MLB Pipeline, Cole Schoenwetter, who had committed to UC-Santa Barbara, has fastball that sits in the mid-90s fastball, a plus-curveball, and an above-average changeup.

The Reds were willing to spend nearly three-times the slot value in order to sign Schoenwetter, so the scouting and development team must see something they really like. PerfectGame.org describes the right-hander as a polished pitcher, but fans shouldn't expect Schoenwetter to rocket through the team's farm system.

There's a lot that goes into developing a high school pitcher. Hunter Greene, the Cincinnati Reds first-round pick in 2017, was an outstanding prep pitcher. But the flamethrower didn't make his major league debut until 2022 and still trying to harness the level of dominance that was forecasted during the 2017 MLB Draft.

The Reds can rest easy now as almost all of the team's selections have been signed. Gabe Gaeckle may wind up being the lone holdout and go unsigned. According to the Santa Cruz Sentinel, Gaeckle has removed his name from the draft and intends to honor his college commitment to the University of Arkansas.