White Sox have signed 2 of their 5 draft picks (but not the top 2)

Jim Callis, senior writer for MLB Pipeline, has been using his Twitter feed to keep the world updated on draft signings.

I'll spare you a lot of scrolling and just tell you that the White Sox have agreed on contracts with both third-round pick Adisyn Coffey and fourth-round pick Kade Mechals.

The Sox's top two picks, left-handed pitcher Garrett Crochet and right-handed pitcher Jared Kelley remain unsigned, although a tweet from MLB.com's Scott Merkin said Crochet would be in Chicago for a physical this week, and that contract could be wrapped up soon. Fifth-round pick Bailey Horn also remains unsigned.

Coffey, a right-handed pitcher and sometimes shortstop out of Wabash Valley Community College, signed with the Sox for $50,000, well below the slot value of $733,100.

Mechals, a right-handed pitcher out of Grand Canyon University, underwent Tommy John surgery in May, so he had no leverage in contract negotiations. He got the standard rate that you would normally assign to a college senior who was selected on the second day of the draft: $10,000. In case you were wondering, slot rate is $517,400.

So, if you combine the savings on these two underslot deals for Coffey and Mechals, you get $1,190,500 that the Sox can put toward signing Kelley for first-round money.

The slot value for Crochet is $4,547,000. The slot value for Kelley is $1,582,000. I'm expecting Crochet to get right at that figure, or somewhere in the neighborhood.

Assuming Crochet signs at slot, the Sox would have $3,157,300 remaining in their draft pool with which to sign Kelley and Horn. With the 5 percent overage, the Sox can spend as much as $3,545,540 before they would have to surrender future draft picks.

The slot value on Horn is $386,600. He doesn't have a lot of leverage here as a fifth-round pick, so expect most of that $3 million-plus to go to Kelley, who most people believe was a first-round talent who slid to the second round because of signability issues.