Since his selection last Monday, negotiations have moved quick with the 14th-overall selection, right-handed pitcher Nick Travieso from Archbishop McCarthy High School near Fort Lauderdale, Fla.
"We're pretty close," Reds general manager Walt Jocketty told MLB.com on Sunday. "I think we're just trying to finish up a couple things, hopefully sometime this week."
The 18-year-old Travieso has not yet been brought to Cincinnati for a physical, but it's being discussed when he might be invited to visit.
"If we can get it done before we leave town," Jocketty said. The Reds begin a six-day road trip on Friday.
According to new Major League Baseball guidelines, the recommended bonus slot for the 14th pick is $2.375 million.
The deadline to sign 2012 Draft picks is 5 p.m. ET on July 13, so Travieso could have a chance to get an early jump on his pro career. Cincinnati already signed several picks this past week, including 49th-overall pick and high-school outfielder Jesse Winker and a fourth rounder in pitcher Jon Moscot out of Pepperdine.
"The earlier they get out, the sooner that they can start progressing," Jocketty said.