According to Jim Callis of Baseball America, the Yankees have agreed to terms with their third-round draft pick Michael O'Neill. The deal includes a $500,900 signing bonus, which is the exact slot for his pick. The outfielder O'Neill is the nephew of former Yankee and current announcer Paul O'Neill. This was not a nepotism pick though, O'Neill was ranked as the 82nd prospect overall on my consensus rankings, and the Yankees were able to land him with the 103rd overall pick. You can get a better idea of his talents courtesy of Mike Axisas' draft report.
The Yankees have now signed one of their first-round picks, Eric Jagielo, their third-round, O'Neill, their fourth-round, Tyler Wade, their fifth-round, David Palladino, and their sixth-round, John Murphy. Though the bonus for Palladino is unknown, each of Jagielo, O'Neill, and Wade have signed for their exact bonus slots, while Murphy received just $20,000 and saved the team over $188,000 to use elsewhere. First-round picks Aaron Judge and Ian Clarkin, as well as second-round pick Gosuke Katoh should be negotiating contracts soon.