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2014 MLB Draft: Cardinals' third-round pick Trevor Megill decides not to sign with team

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The right-hander will return to Loyola Marymount for his senior season.

Andrew Fielding-USA TODAY Sports

Cardinals' third-round pick Trevor Megill has decided to return to Loyola Marymount for his senior season and will not be signing with St. Louis, MLB Daily Dish has learned. The right-hander was taken with the 104th overall pick in this year's draft.

"It is 100% that I will not be signing after this year's draft," Megill said on Thursday evening. "Looking forward to helping LMU win a championship next year."

The Cardinals, who signed their first three picks for a combined $4.6769 million, made offers to Megill that did not meet his asking price. The team signed first-rounder Jack Flaherty to an over-slot deal that put them almost $350K in debt in terms of their draft signing pool.

Megill, who was ranked 384th by Baseball America in their pre-draft top 500, missed his junior season while recovering from Tommy John surgery. According to Jenifer Langosch of MLB.com, the Cards planned on scouting him in the Cape Cod League this summer with the intention of making a bonus offer based on his performance.

With Megill not signing, the Cardinals will lose the $504.4K slot value associated with the 104th overall pick.