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MLB awards Diamondbacks a Compensation Pick in 2011 Draft and grants Free Agency to Barret Loux | August
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On Tuesday, the Diamondbacks made a joint statement with first round pick Barret Loux, announcing that Major League Baseball has granted free agency to Loux, effective September 1, allowing him to sign with any team, and giving the Diamondbacks a supplemental selection in the 2011 draft. After Loux failed his pre-draft physical, the Diamondbacks reportedly pulled their offer, which could have left Loux in limbo until next year's draft. This solution works out well for all parties - the Diamondbacks are not obligated to sign an injured player, and Loux is free to sign with any team that wants him. The full text of the statement is here: "We have reached an agreement regarding Barret Loux’s status that is mutually beneficial to the parties. Today Commissioner Selig has announced that Loux will become a free agent on September 1. As such, he will be free to sign with any Major League Club at that time. In addition, the Arizona Diamondbacks will receive a Supplemental Selection in the 2011 First-Year Player Draft. The agreement also provides an opportunity for the Commissioner’s Office and the Players Association globally to the address the issues that can arise from questions concerning a drafted player’s health. Given the private nature of the underlying disagreement here, neither party will be making any further public comments about this situation."