Report: No. 1 pick Carlos Correa close to deal with Houston Astros

The Houston Astros just made Puerto Rican shortstop Carlos Correa the first pick in the MLB draft on Monday night, but sources tell Jon Heyman of CBSSports.com that the two sides already are close to a contract agreement. "It is going to be worked out," one person familair with the negotiations told Heyman.

In fact, Brian McTaggart of MLB.com tweets:

https://twitter.com/brianmctaggart/status/210135243087282177

Heyman's sources said the deal is expected to be in the neighborhood of $5 million, a significant savings over the draft slot's assigned value of $7.2 million. Some rival baseball executives tell Buster Olney of ESPN.com that they believe Correa's deal will be for less than $5 million. That means the Astros will have in the neighborhood of $2.2 million or more to spend among their other draft picks.

McTaggart also tweeted that Correa is expected to report to extended spring training and then the Astros' Gulf Coast League team.