Reports earlier on Saturday stated that Appel and Houston reached an agreement worth more than $6 million, but Houston denied the reports. Appel is expected to sign the deal early next week.
Byron Buxton, the No. 2 overall choice last season, signed for $6 million with the Minnesota Twins, a record Appel would break. The former Stanford Cardinal will certainly shatter the record for a bonus given to a college senior; Matt LaPorta set the previous record with a $2 million bonus as the No. 7 pick in 2007 with the Milwaukee Brewers.
Appel is expected to receive $2.55 million more with the Astros than he would have last season if he signed with the Pittsburgh Pirates. Pittsburgh selected Appel with the No. 8 pick.