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Carlos Correa signs for $4.8 million

Updated: June 7, 2012, 9:02 PM ET
Associated Press

HOUSTON -- Carlos Correa, taken by Houston Astros with the top pick in this week's amateur draft, agreed to a contract with the team for a signing bonus of $4.8 million on Thursday.

The deal for the 17-year-old shortstop is the first for a top pick since the new collective bargaining agreement that places restraints on spending for selections in the first 10 rounds. It is the lowest guarantee for a top selection since the Kansas City Royals gave pitcher Luke Hochevar $3.5 million ...

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