What happened: A New Jersey high school baseball player has signed a $1.4 million contract with a Major League Baseball organization. The signing comes only days after he was selected in this year's amateur draft.

Why it matters: A bonus in that range for a prep player signals an organization's confidence in his long-term upside and reflects the aggressive bidding clubs use to pull top high school talent away from college commitments. Locking in the deal quickly after draft day also lets the player begin his professional development without a lengthy negotiation standoff.

What to watch: He now moves into his first professional assignment as the organization begins his development track.