According to MLB.com's Jim Callis, Rutherford has signed for $3,282,000 -- significantly over the allotted slot bonus of $2,441,600 for the 18th overall pick. The club has not confirmed the terms of the deal.
Rutherford, a 6-foot-3, 195-pound left-handed-hitting prospect from Chaminade College Preparatory School in West Hills, Calif., was rated the No. 8 overall prospect entering the Draft by MLBPipeline.com. The 19-year-old hit .577 (45-for-78) with four home runs in his senior season.
The Yankees have now signed each of their top 10 Draft picks.
David Adler is a reporter for MLB.com based in New York. Follow him on Twitter at @_dadler. This story was not subject to the approval of Major League Baseball or its clubs.