BOSTON (CBS) — When Jason Groome slipped all the way to the Red Sox at 12th overall in this year’s MLB Draft, it was considered a worthwhile risk for the team.

As it currently stands, the risk does not appear to be paying off.

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According to SB Nation’s Chris Cotillo, the Red Sox “are not close to a deal” with the talented young left-hander. The deadline to reach a deal is July 15, so the clock is beginning to tick loudly inside the offices at Yawkey Way.

Cotillo noted that Groome has reportedly been seeking a $4 million bonus, which is close to $1 million over the slotted value of the 12th pick.

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Groome holds the leverage in holding out for a big-money signing bonus, as he previously opted out of a commitment to Vanderbilt and instead elected to choose junior college. The move allowed him to become eligible for next year’s draft, so if he opts to not sign this year, he doesn’t stand to lose money in the long run.

The left-handed pitcher out of New Jersey was one of the highest-ranked prospects in the draft, and he stated prior to the draft that the Red Sox were his favorite team.

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