University of Wisconsin standout Rick Reichardt receives the highest bonus to date when he signs with the Angels for $200,000. The bidding war for the talented Badger outfielder ultimately led the owners to institute a draft, which started in 1965 when Arizona State University’s Rick Monday became the first-ever #1 overall selection.

This Day In Baseball

On June 26, 1964 University of Wisconsin standout Rick Reichardt receives the highest bonus to date when he signs with the Angels for $200,000. The bidding war for the talented Badger outfielder ultimately led the owners to institute a draft, which started in 1965 when Arizona State University’s Rick Monday became the first-ever #1 overall selection.