The Toronto Blue Jays and first-round pick Gunnar Hoglund have agreed to a $3,247,500 deal, TSN Blue Jays Reporter Scott Mitchell has confirmed.

The signing is just over $100,000 below slot for the No. 19 overall pick.

The Ole Miss product was the first of Toronto's pick from the 2021 MLB Draft. The 6-foot-4, 220 pound right-hander recently underwent Tommy John surgery but, according to Mitchell, was seen as a consensus top-10 talent when healthy.

Read more about the selection here from Mitchell here.