Hagen Smith, the left-handed pitcher out of Arkansas selected No. 5 overall in the 2024 MLB Draft by the White Sox, signed with the team on Monday night for $8 million, according to MLB.com’s Jim Callis. The slot value at No. 5 was $7,763,700.

• White Sox draft electric lefty Hagen Smith with No. 5 pick

The club did not officially announce the Smith signing. The $8 million bonus would set a White Sox record and break Brendan McKay’s record for left-handed pitchers ($7,005,000). Smith becomes the 12th player in MLB Draft history to receive a bonus of $8 million or more.

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Over 16 starts for Arkansas this past season, the 6-foot-3, 225-pound southpaw went 9-2 with a 2.04 ERA, a .144 opponents average, a 0.89 WHIP and 161 strikeouts over 84 innings. Smith led Division 1 pitchers in strikeouts per nine innings (NCAA-record 17.25), opponents average and hits per nine innings (4.4). He set Razorbacks program records with 11 double-digit strikeout games in 2024 and 360 career strikeouts.

"All the technology and stuff is cool, that can really help,” said Smith of pitching for Arkansas on the night he was selected by the White Sox. “But being around high-level talent day in and day out, especially with this special group this past year … as a pitching staff, in general, everybody wants to get better every single day, and I feel like we all pushed each other every single day, even in practice. That kind of brought the best out of everybody."

Smith is considered by many to be close to Major League-ready. The White Sox won’t rush him, but he could be part of the team’s rotation at some point in 2025.