DENVER -- About an hour before the 12:01 a.m. ET deadline, the Marlins reached agreement with first-round Draft pick Jose Fernandez, the team confirmed late Monday night.
According to multiple sources, the 19-year-old will receive a $2 million signing bonus.
Fernandez, who was born in Cuba, is a hard-throwing right-hander with a fastball that's been clocked as high as 97 mph.
The 14th overall pick in the First-Year Player Draft in June, Fernandez pitched three seasons at Baulio Alonso High School in Tampa.
As a senior, Fernandez was 13-1 with a 2.35 ERA and two no-hitters. His team won the Florida Class 6A state championship during his sophomore and senior seasons. This year, he struck out 134.
Building around pitching is the model with which the Marlins are most comfortable.
Had he not signed by the deadline, the 6-foot-3, 215-pound Fernandez had a commitment to the University of South Florida.
Joe Frisaro is a reporter for MLB.com. He writes a blog, called The Fish Pond. Follow him on Twitter @JoeFrisaro. This story was not subject to the approval of Major League Baseball or its clubs.