Hancock has agreed to terms with the Colorado Rockies, according to the Rocky Mountain News.
"Yeah, we're disappointed because we felt like we had a great opportunity to get him," Arkansas coach Dave Van Horn said Monday. "We feel like we were misled a little bit about the dollar amount he quoted us, but we understand. So, we'll just move on."
Hancock could not be reached for comment Monday.
Hancock, a 6-foot-3, 185-pound right-handed pitcher from Rowlett, Texas, reportedly received a $460,000 signing bonus, far less than what he originally asked.
Hancock was taken in the third round by the Rockies in the Major League First-Year Draft on June 7. He was the 87th pick overall.
Another Razorbacks signee, Travis Wood of Bryant, signed shortly after being drafted by the Cincinnati Reds. Wood, a 6-foot, 170-pound left-hander, was taken in the second round (60th player overall).
Wood was 10-1 with a 0.52 earned run average. He had 146 strikeouts in 67 innings at Bryant.
Hancock was 12-1 this season. He struck out 144 in 70 innings and had a 1.13 ERA. His fastball has been clocked between 91-94 mph, his curveball (76-79) and his change-up (70-73) are also impressive.
Hancock is a former high school teammate of Razorbacks junior first baseman Danny Hamblin. Hamblin's younger brother, Miles, was a sophomore at Rowlett last year and earned second-team All-District honors.
Hogs Recruit Agrees To Terms With Colorado Rockies
Hawgs Daily Top Stories
Scout On the Road: SeptemberScout takes a look at some of the top prospects we saw in person during the month of September...
Scout FootballYesterday at 2:00 PM
Longhorns Preview Oklahoma StateTexas offensive players discuss the Longhorns' upcoming game at Oklahoma State to kickoff Big 12 Conference play.
Horns DigestMonday at 6:21 PM
Louisiana CB 'Real Close' to a DecisionIt may not be too long before one of the top cornerbacks in Louisiana makes his decision. Four schools are high on his list and you can get the latest here...
Scout FootballMonday at 6:15 AM
JC defensive back talks ISU official visitOver the weekend, Iowa State played host to one of their top 2017 targets in the current recruiting cycle in Paramount, CA three-star JUCO CB Keisean Nixon. This visit for the…
AllCyclonesSunday at 6:34 PM