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Rangers lose top draft pick Matt Purke to TCU

By JEFF WILSON
jwilson@star-telegram.com

ARLINGTON -- Tarrant County was going to be home to Matt Purke at some point in his future.

But he had to decide Monday whether he would settle immediately in Fort Worth as a freshman at TCU or in a few years in Arlington as a member of the Texas Rangers’ rotation.

The native Texan took his time, almost all of it in fact, but he ultimately decided to don purple and white for at least the next two seasons.

The Rangers failed to agree to terms with their first-round pick on the final day for major-league teams to finalize contracts with their selections from the First-Year Amateur draft in June.

They can no longer negotiate with the left-hander from Klein, who a source said turned down $4 million and instead will enroll at TCU and pitch for the Horned Frogs next year.

“I’m not going to sugar coat it: We wanted to sign the guy,” general manager Jon Daniels said. “But it wasn’t meant to be.”

Purke, the 14th overall pick, was selected with the Rangers knowing that he wanted a contract similar to the one signed by Detroit right-hander Rick Porcello in 2007. He received a four-year, $7.28 million deal with two option years and a $3.58 million signing bonus.

The recommended money at Purke’s draft slot was $1.6 million.

Detroit signed the No. 9 overall pick, prep pitcher Jacob Turner, to contract reportedly worth $5.5 million that included a $4.7 million bonus and a spot on the 40-man roster.

The Rangers never got to that point, according to a source, and were one of only two teams who failed to sign their first-round pick. Tampa Bay failed to reach a deal with No. 30 pick LaVon Washington.

The Rangers will get the 15th overall pick next year as compensation for failing to sign Purke. Barring a total collapse, it will be the first of the Rangers’ two first-rounders.

Daniels said the negotiations were amicable and that he holds no ill-will toward Purke, his parents or agent Peter Vescovo.

“I don’t have any issues with how they handled things,” Daniels said. “The communication was good. Both sides were clear in what we wanted to do. It just didn’t match up.”

Purke routinely hits 90 to 94 mph with a two-seam fastball that he complements that with a curveball and circle changeup.

With a projectable frame — Purke is 6-foot-3 but at only 180 pounds — the Rangers believed Purke could have come quickly through the minor leagues.

Purke went 4-2 with a 1.18 ERA for Klein High School as a senior with 91 strikeouts in 47 1/3 innings. As a junior, though, he was 12-1 with a 0.37 ERA.

He spent the time between the draft working out at the Tomball Sports Medical Center and alternating between bullpen sessions and long-toss to keep his arm fresh.

The Rangers had Purke take a physical over the weekend to get it out of the way in anticipation of negotiations going down to the wire. He attended the Rangers’ game Saturday and met with, among others, owner Tom Hicks.

Purke, who turned 19 on July 17, has the option of spending only two seasons at TCU before re-entering the draft in 2011 as an eligible sophomore at age 21.

He had committed to TCU in November and was on-campus Monday for freshman orientation. The Horned Frogs had given him a locker last week and jersey No. 47, which was worn by his favorite player, two-time Cy Young winner Tom Glavine.

“When I didn’t hear from him, I figured he was scrambling to get his paperwork in,” TCU coach Jim Schlossnagle said. “He called me about 10 minutes after 11 and told me he was coming to TCU.

“This doesn’t happen very often, and this doesn’t guarantee anything. To hold a player of that level says a lot about our university and our program.”

The Rangers continue to negotiate with Tanner Scheppers, who was taken with the 44th overall pick as compensation for losing Type B free agent Milton Bradley.

Scheppers, though, has no more amateur eligibility after playing in an independent league, and the Monday deadline did not apply to the right-hander.

Daniels said he spoke to agent Greg Genske and would like to have the right-hander signed for the start of the instructional league next month. But the Rangers have until a week before the draft next year to sign him and say there is no added urgency to add him to the fold.

“We wanted both guys. Unfortunately, we only have the ability to sign one of them at this point,” Daniels said. “We’d still like to sign Tanner, but no more or no less than an hour ago.”

http://www.star-telegram.com/s...s/story/1542989.html
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I am so glad the Rangers did not sign this kid. I know the kid is a special talent but this proves my point on the other topic of Colton Cain. These bonuses have gotten out of hand and it is going to take a few of these draft picks not getting what they think they are worth to hopefully open up the eyes of future draft picks and let them know they might not be as valuable as they think they are. Passing up $4 million is crazy. He now takes his chances at TCU with possible injury or not pitching very well and his draft stock being less. Maybe I will be wrong and he will the be the #1 pick in a few years, we shall see. And what does he think he will make in the future if something happens to his baseball career and all he has is his TCU degree? I bet he would't make $4 million at a regular job out of college as a 22 or 23 year old.
quote:
Originally posted by Lamar Fan 08:
I am so glad the Rangers did not sign this kid. I know the kid is a special talent but this proves my point on the other topic of Colton Cain. These bonuses have gotten out of hand and it is going to take a few of these draft picks not getting what they think they are worth to hopefully open up the eyes of future draft picks and let them know they might not be as valuable as they think they are. Passing up $4 million is crazy. He now takes his chances at TCU with possible injury or not pitching very well and his draft stock being less. Maybe I will be wrong and he will the be the #1 pick in a few years, we shall see. And what does he think he will make in the future if something happens to his baseball career and all he has is his TCU degree? I bet he would't make $4 million at a regular job out of college as a 22 or 23 year old.


What if his dad was a multi millionare and the kid wanted the college experience?
OK. Let's see. $4 mil bonus. After fees, taxes, and the obligatory purchase of cars, paying family debt, and a hunting lease...$1.7 mil remains.

Invests conservatively and in 5 years gets hurt, quits, or gets cut and gives up on the game. Now, at age 24, decides to get married and "live the life". Now has $2.7 to "play" with.

Decides to "make do" on the interest only, and leave the rest as an inheritance for the kids and grandkids.

Now has an annual salary of $162,000 and leaves his family over $2 mil. The average annual salary of a college grad with a 4 yr. degree is $48k.

Hhmm?
quote:
Originally posted by Lamar Fan 08:
Norm is talking about Purke on 1310 right now...

He seems to agree with me but what does he know?

Ken,

I agree, if his dad is rich, great for him and maybe he is making the best choice in his situation. You just hear of others in the same situation who are also passing up this kind of money. I still think they are crazy...


I find it crazy that a MLB team would offer $4m to a 19 year old that has yet to throw a single pitch in pro baseball.
quote:
Originally posted by strik3:
quote:
Originally posted by Ken Guthrie:
I agree with all of you.....

No way I'd advise my son not to take a $4,000,000 signing bonus.

Who is the kids agent?


Peter Vescovo of Select Sports Group, co-owned by Nolan Ryan. Interesting huh



Select sports is co-owned by Don Sanders, who is the other side of the hyphen in Ryan-Sanders Baseball, owners of the Round Rock Express and Corpus Christi Hooks.

Major League Baseball rules would not permit Ryan to have ownership in Select Sports and also be president of the Rangers. Jeff Moorad had to give up his interests in player representation and be vetted by the owners before joining the front office of the Diamondbacks and then Padres.
quote:
Originally posted by The Beast:
Yeah I bet Peter is working for someone else this time tomorrow.

I'm not quite sure you can pin this on the agent. He did, after all, get almost 4 times what Purke's slot value was from a notoriously tight team in the Rangers. This sounds like its on Purke's shoulders to me. But who knows, maybe he wants to go to college. There are worse things.
Galloway has an interesting article in the FWST this morning:

Rangers are falling behind in one critical area: finances

Tuesday night was the exception, what with a blown 5-run lead, a pitching disaster, and another one of those what-the-hey losses, this time, 9-6, to the Minnesota Twins.

Otherwise ...

On the field, the Rangers have proved to be as baseball sound as they’ve been in years. As sound as when Pudge Rodriguez was a young charter member of what would become a winning franchise in the ’90s.

And now that Pudge is back, as a 37-year-old veteran to help upgrade a depleted catching situation, his arrival in town Tuesday night brought the expected approval from fans and new teammates.

Off the field, however, it’s a team that can’t win for losing. Losing the money war.

The Rangers haven’t been this financially wrecked since the late 80s, when a guy named Bush was among a group recruited by the commissioner’s office to rescue the Rangers from what was a bottom-line bust.

Don’t know anything about how bad it is for Tom Hicks in all other business ventures, but baseball isn’t his money pit. Two decades later, however, and another commissioner is looking for another owner in Arlington. And this is much worse than 20 years ago.

As was learned Monday, with the failed attempt to sign the No. 1 draft pick — Matt Purke, the high school pitcher from the Houston area — Hicks is no longer in control of the Rangers, which is a first for the franchise.

This is a team being bankrolled by Major League Baseball (that didn’t happen here, even in the dark days of the late 80s) while a buyer is being sought, and finding a buyer has become a slow process due to MLB and Hicks insisting on a $600 million price.

That number far surpasses what most investors feel is a reasonable tag. One local guy interested was David McDavid of Parker County. That no longer appears to be the case, although not because McDavid doesn’t have deep pockets.

And team president Nolan Ryan said last week he had NOT become involved in assembling investors to buy his club. It appears Ryan is waiting it out, waiting on MLB to come up with a list of investors serious about buying the club. The deadline for groups stepping forward was supposed to be last Friday, but so far no list has been made public.

Are there any groups? Even one at $600 million? Only Bud Selig knows.

Meanwhile, the Rangers, as a baseball team, are hanging in financial limbo, operating at the whim of other major league owners who can’t be too pleased about bankrolling the Rangers.

Purke got caught in the trap Monday, deadline day for June draftees to sign. The kid, of course, ended up in the welcome arms of TCU baseball, and will pitch there for the next two years before again going into the draft.

The Rangers couldn’t sign Purke because Selig shut off the bidding, probably at the suggestion of other owners. Have I mentioned that MLB bankrolls the Rangers, a fact not even denied anymore by anyone in the organization. It’s MLB’s team, the best team, I’d say, ever owned by MLB.

The yard dogs of general manager Jon Daniels have been on the right scent the last few years. Team scouts have fanned out across the country, sizing up prospects at high school and college ballyards, and then in the drafting, headed by Daniels and his staff, the picks were made, the picks were signed, and some of them developed fast enough to already be in Arlington.

Daniels and Co. have done the job. Purke was supposed to be the latest coup. Rated a top 10, first-round talent, he slipped to the Rangers at 14 because his money demands were known to be very high, too high for other clubs. But the Rangers took him with the belief they could sign him, even at $6 million, a figure I had confirmed by an inside voice the day of the draft.

As of Tuesday, Purke was being hammered by some team apologists, and called greedy for going to TCU after reportedly turning down $4 million from the Rangers. And there are also organizational voices talking bad about him and his father, attempting to save their own butts. Not any of those voices, not that I heard, belonged to anyone on the Rangers’ baseball side. They know the truth.

The Rangers did make a $4 million offer to Purke, but without the approval of MLB. When the final word came down from MLB, the Rangers were told they could not pay the kid more than $2.3 million. Period.

Since Hicks no longer has the purse to control the purse strings, he has no say. And he also asked Tuesday not to be quoted publicly on any of this stuff, although his paid mouthpiece blogged in sympathy for Tom.

But even if the $4 million offer to Purke had been valid, it was a grandstanding gesture.

Purke was going to TCU, unless the team that drafted him paid in the $6 mil range. That was understood in June. If you don’t like it, don’t draft him.

The off-season is coming. Free agents will be on the market, plus important financial decisions will be necessary within the team, which also hopes to upgrade the ballpark.

But the money is not there. And no new owner is on the horizon. MLB control figures to continue into next spring training, if not into next season.

As was learned in the Matt Purke case, MLB is not eager, or even cooperative when it comes to banking the Rangers. And the current lame duck owner is now totally helpless.

The team plays on. There’s nothing broke there. Good for the team.

Randy Galloway’s Galloway and Co. can be heard weekdays 3-6 p.m. on ESPN/103.3 FM
A small rant...

I have nothing against Purke. I don't think he's a greedy immature boy or anything, but when did not getting enough get to the point that it was at 2.3mil (the low number reported)? That almost definitely considers a 4 year college education and then some nice cash.

When did money become so important that you can argue over "how set" a kid is when he could be facing the best? As a competitor, as a lover of the game, pitching in college is always a dream, but the bigger dream is to go against the best possible.

I understand that for some it's their one time to get paid, but if that payment includes a college education, which can last a lifetime and definitely past whenever Brett Favre retires, then it pays them for the rest of their life IF they value college.

I don't want to be too political by any means, but this mentality we have as a country of "give me now" is what ruined our economy and it can ruin cultural values. A college education, in my opinion, is worth almost anything (at least how much it helps a given individual accumulate throughout a lifetime). But most kids see no value in a team offering them 4 free years.

I'd play baseball for free (wait, I PAID to play all my life), and I wish kids appreciated the unique opportunity for a college education.

Obviously, Purke might've valued college so much that he needed the Roy Halladay "Wow" offer. I don't blame him for that part. But how he can walk away from competing against the best (something that's not a given if he gets injured) in the minors and hopefully the MLB is crazy for me. He had the best of both worlds, but there wasn't enough money.
Last edited by Dtiger
Gotta disagree DT.

This kid owes MLB nothing. They are going to make money hand over fist off him and his teammates. Why not try to get what you think is a fair value? This is no different than some coach wanting a higher salary than someone else.

I have never seen a pitching coach, hitting coach or team coach say hey, I want $40 an hour but you as a parent you are offering $25 an hour, so I will take that. Never been to a cage that charged $60 an hour and I tell them I will only pay $40 and they take it. So, why should this kid do it when everyone from youth through the pros are making money off of him and others like him.

If you don't want to pay them, then don't draft them.
I don't think I disagree with you OA5, I think my main point is the fair value is just too much because people and kids are getting more and more consumed with themselves. If this was a pitching coach making 40/hour, that's one thing. This kid, regardless of what he wanted, was going to get millions of dollars, the chance to play against the best competition for years to come in the sport he (hopefully) loves, and a free college tuition. My problem is not just with him, because I'm sure he looks at others he feels he's comparable to talent wise and says, "hey look what they got," it's the entire system/mentality and Purke is the latest example.

He doesn't owe the MLB anything, I agree, but that package he was going to receive is a once in a lifetime offer that has value beyond just the actual dollar amount (another main point I wanted to make).

I couldn't turn it down. If you gave me a free college education and enough money to survive reasonably healthy, then I'd play until my arm falls off--which might be sooner than later.

The other main thing is (most) kids just have no intention on going back to school after they "get paid." And that is sad for me, and very indicative of where we are as a culture.
Last edited by Dtiger
Him and his family might have also known that going back to school may not have been likely. Once life started (possible family, busines ventures, etc) that college may not have become an option. They could have easily thought, we place that experience to be worth X, and unless X is what we are paid, we aren't going pass it up.

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