Pirates GM Neal Huntington explained in a statement that the team offered as much as it could without losing future picks.
“Our final offer exceeded the available bonus pool money and was essentially up to the last dollar we could offer prior to falling into the second tier penalty which would have resulted in the loss of a first round draft selection," Huntington said. "While, as we have shown in past years, we are willing to be aggressive with our financial offer, we simply did not feel it was in the best interest of the organization to forfeit our first round selection in the 2013 amateur draft."
The Pirates will select ninth overall next year, ESPN.com's Buster Olney tweets.