Folgia Signs With Indians
Folgia has in fact signed with the Indians, and should report to Mahoning Valley or the Arizona League team soon. He is listed as a shortstop by the Indians. The actual signing amount was $100K and not the $150K rumored in the linked article. An official press release from the Indians should be coming soon on the signing.
Update (06/23/2009 11:00 am ST):
There is a report in a Philadelphia area newspaper that Indians 40th round pick SS Greg Folgia has signed with the Indians for $150K. He was a junior at the University of Missouri, and it was felt that he would return there for his senior season to improve his draft standing and bonus he would potentially receive.
Here is the report from the PhillyBurbs.com (special thanks to Doug R. for the head's up):
According to several local baseball sources, former Christopher Dock standout Greg Folgia signed with the Cleveland Indians on Sunday. Folgia, who was selected in the 40th round of the June 9 amateur draft, just finished his junior season at the University of Missouri.
"He called me on Sunday and said he signed with the Indians," said Quakertown Blazers first-year manager Clay Kuklick, who had hoped to have Folgia play for the Atlantic Collegiate Baseball League team for a second season. Folgia was a first-team All-Big 12 Conference selection as an outfielder after hitting .326 with a team-best 12 home runs and 70 RBI. Missouri advanced to the NCAA Tournament in each of Folgia's three seasons.
The 5-foot-10 inch, 190-pound Folgia told the Columbia (Mo.) Tribune last Friday that the Indians had offered him $150,000 and that he hoped to have his mind made up about signing by early July.