9:57pm: Baseball America's Jim Callis says it's a Major League deal with a guaranteed value of $5.5MM and the potential to reach $7MM. Callis says the net present value is around $5MM; spreading it out is the main advantage the club gets from a Major League deal.
9:49pm: According to ESPN's Keith Law, the Tigers have signed first round pick Jacob Turner to a $5.5MM bonus, which is considerably over slot. The ninth overall pick "had the fastest arm and best fastball of any high school pitcher in this draft," and could develop into a number one starter down the road according to KLaw.