What happened: The Cleveland Guardians have agreed to terms with first-round pick Peterson, the No. 19 overall selection, on a $4,530,500 signing bonus, per Jim Callis. The figure matches full slot value for the pick.

Why it matters: Peterson entered the draft as a Florida right-hander rated the consensus second-best college arm in the class. Signing him at exact slot value preserves bonus-pool room for Cleveland to spend elsewhere in the draft.

What to watch: Peterson now moves into the Guardians' minor-league pipeline; watch for his affiliate assignment.