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Strasburg signs

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Stephen Strasburg has signed with the Washington Nationals.

The 21-year-old right-hander and No. 1 pick in June's amateur draft came to terms with the Nationals tonight, narrowly beating the league-imposed midnight deadline.

Exact contract terms weren't immediately known, but it's believed Strasburg will receive about $15 million over four years. That's more guaranteed money than any previous draft pick has received, breaking the record of $10.5 million given to Mark Prior by the Cubs in 2001.

More to come...

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