The Blue Jays were unable to reach an agreement with first-round pick Tyler Beede prior to Monday’s midnight ET deadline.
Toronto selected the pitcher with the 21st overall selection in the 2011 First-Year Player Draft. The native of Massachusetts will instead attend Vanderbilt University in the fall and is not eligible to re-enter the Draft until 2014.
There appeared to be a large gap between the two sides during the final week of negotiations, and they never got close to getting something done. Beede was reportedly looking for $3.5 million, while the Blue Jays were willing to offer one million short of that.
“They were still far off,” Beede told the Worcester (Mass.) Telegram and Gazette. “They ended up getting to $2.5 million, but that still wasn’t what we valued the Vanderbilt education at. It was obviously the hardest decision I’ve ever had to make, but I’m tremendously excited.”
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