What happened: The Chicago Cubs signed first baseman Myles Bailey, their 75th overall selection in the 2026 MLB Draft, to a $1.9 million bonus, per Jim Callis. The Florida State product was drafted as the top raw-power bat in this year's class after hitting 13 home runs this season.

Why it matters: The bonus tops the pick's assigned slot value of $1,120,900, signaling the same Myles Bailey the Cubs took 75th overall was a priority get. Locking him in before the Aug. 3 trade deadline period keeps the farm system's signing business separate from the club's ongoing bullpen search.

What to watch: Bailey now heads into the Cubs' minor league system to begin his professional career.