OAKLAND -- The Twins couldn't come to terms with No. 73 overall pick Kyle Cody before Friday's 4 p.m. CT deadline, and will receive the No. 74 pick in the 2016 Draft as compensation for not being able to sign him.
Cody, a 6-foot-7 right-hander from the University of Kentucky, was taken by the Twins in the Competitive Balance B round. The Twins also lost out on the $839,700 slot value attached to the pick. But the Twins did sign all of their other picks in the Top 10 rounds.
"We worked on it but it just didn't work out and I'm disappointed we didn't sign our second pick," Twins general manager Terry Ryan said. "It's a disappointment. But it's not like we didn't try or they didn't try. It just didn't work out."
Ryan also said Cody's health wasn't the reason why he went unsigned, as there were reports that the Twins offered Cody less money after evaluating his medical records.
"That wasn't the important thing," Ryan said. "We just couldn't come to a conclusion, is all. He's healthy. It's not a factor. It's just one of those things. We couldn't get it done. Both of us were trying and both us were interested but it just didn't work out."
The 20-year-old posted a 4.91 ERA with 63 strikeouts and 17 walks in 66 innings as a junior, making 12 starts and two relief appearances.
Cody took to Twitter on Friday to announce he was returning for his senior season at the University of Kentucky, calling it a "tough journey."
Rhett Bollinger is a reporter for MLB.com. Read his blog, Bollinger Beat, follow him on Twitter @RhettBollinger and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.