The strange saga of Barret Loux continues...
Loux, for those who are unaware, was a first round pick by the Arizona Diamondbacks in this June's draft, going #6 overall. A righty out of Texas A&M, Loux was seen as an overdraft and an easy sign, but when he failed his physical, the D-Backs decided not to make him an offer.
This is similar to the R.A. Dickey and Tim Stauffer situations of years past...except, in years past, if you didn't sign your first round, you'd get a sandwich pick in the following year's draft. Under the new rules, if the D-Backs didn't sign Loux, they'd get the #7 overall pick in next year's draft, and they'd clearly much rather than that than damaged goods.
The problem, of course, is that Loux gets stuck in limbo...not only does he lose the $2 million plus signing bonus he would have gotten, he is also the exclusive property of the D-Backs, and if he doesn't sign with them (and they clearly didn't want to sign him at this point), he couldn't start his pro career until next June, when he'd be back in the draft.
In any case, a press release has just come out saying that Loux will be declared a free agent as of September 1, 2010, and that the commissioner's office has decreed that the D-Backs will get a compensatory pick next year.
That, to me, is the most reasonable solution, so much so that I'm shocked Bud Selig agreed to do it. Maybe he's on vacation.
I also suspect that Scott Boras is having his minions pore over this line by line, to see if they can use it to get Bryce Harper out of his deal with the Nationals, and declared a free agent.