*UPDATED* BREAKING: Josh Rogers (Yankees 11th round pick) agrees to terms

UPDATE: July 16, 2015, 11:45am EST: Josh Rogers has officially signed with the Yankees for the largest college overpay (vs. slot figures) in the draft. Rogers' slot was $100K; he received $485K plus additional scholarship funds.

Agent Matt Sosnick noted that the deal had very little to do with him (Sosnick) and had everything to do with Rogers and Yanks' area scout Mike Gibbons.

Also updating: James Kaprielian signed with the Yanks for 2.65M, pending his physical.

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Josh Rogers

According to a source close to the Yankees, 11th round pick Josh Rogers (Twitter) has agreed to terms with the New York Yankees for $485K, plus additional scholarship money. Rogers is scheduled to take a physical early this coming week (Monday or Tuesday). This figure represents the highest amount the team can offer Rogers, and is well above-slot for an 11th rounder.

The issue is that James Kaprielian, who was selected 16th in the first round, remains unsigned. Kaprielian is represented by Scott Boras, who is known to demand above-slot figures for his players. However, given the figure signed by Rogers, the Yanks must feel confident in their ability to sign Kaprielian for at/near slot figures (~$2.5M).

The signing deadline is this coming Friday, July 18th.

Baseball America described Rogers:

At 6-foot-3, 200 pounds, Rogers has a near ideal pitcher’s build. He locates his 87-91 mph fastball, mixes in a slider that flashes average at his best and below-average at other times and a usable changeup. Rogers’ mix of three pitches and an ability to locate them makes him a potential back-end starter.

h/t to Jim Callis for the slot figures.