The Colorado Rockies announced on Wednesday that they have signed catcher Wilfredo Rodriguez, who was their seventh round pick in the 2012 MLB Draft. Rodriguez, who comes from the Puerto Rico Baseball Academy (which produced top overall pick Carlos Correa), inked for $200,000, which is roughly $50,000 over the value assigned by MLB.

#Rockies have agreed to terms with and will sign 7th-rdr, C Wilfredo Rodriguez on Wed. for $200K (pick value: $147,300). #mlbdraft #MLB

— Kendall Rogers (@KendallRogersPG) June 13, 2012

Baseball America rated Rodriguez as the 7th-best player in the draft from Puerto Rico, and the 15th-best overall catcher. He was committed to Seminole State College, but the Rockies were able to buy him away from school.

For updates, stay tuned to SB Nation Denver. For more coverage, head over to Rockies blog Purple Row. To learn more about the latest MLB prospect news and ratings, drop by Minor League Ball with John Sickels.