The news is breaking that the Cincinnati Reds have signed their first round draft pick of the 2012 draft, Nick Travieso.

The Florida high school right-hander, who was ranked No. 32 on MLB.com’s Draft Top 100 prior to the Draft, will sign for $2 million. That is below the assigned value for the pick, $2.375 million.

The news comes from the MLB Pro Blog: Big, Bald, and Beautiful. If the information is as reputable as the blog title’s description of the author, then tomorrow, we can expect an official announcement about Travieso’s signing.