The Rangers signed 14th round pick Nick Tepesch as well as 32nd rounder Steve McKinnon for $400K and $150K, respectively.
The Tepesch signing was originally tweeted by Jamey Newberg, with Yahoo's Kendall Rogers adding the dollar amount (via Twitter). While the $400K is over slot for the 14th round, Keith Law tweets that the Mizzou right-hander has first-round potential but never matched that talent with his performance. Tepesch posted a 4.07 ERA with 51 strikeouts and 17 walks through 66.1 innings during his junior season at Missouri. Baseball America's Jim Callis provides a scouting report saying Tepesch features a 90-94mph fastball and would've gone in the first three rounds out of high school had it not been for his signing demands.
McKinnon is a high school right-hander out of British Columbia. Law tweets that the righty was signed for $150K in spite of having a partial tear in the UCL of his throwing arm.