Perez, the 42nd draft pick, was selected by the Cardinals in the first compensatory round of this month's Major League Baseball Draft.
According to a report in the Miami Herald, the Cardinals have agreed to set up a trust fund for Perez, which will pay for his final year at Miami, if his baseball career doesn't work out.
The Cardinals could use a little help in the bullpen, it's too bad, Perez is at least three to five years away from the Majors.
Tuesday night, Oregon State scored four times in the third to take control and eliminate Miami 8-1 in the College World Series and sending Perez on his way to the St. Louis Cardinals and a professional baseball career.
The 6'4", 225 pound right-hander from Holmes Beach, was the Miami Hurricane's closer, with a record of 4-1 with a 1.88 ERA with 12 saves in 35 appearances.
Perez is expected to report to Johnson City ASAP, though Perez is trying to convince the Cardinals through his "advisor" Nez Balelo, to let him start playing at Palm Beach.
Either way, Perez should be in a Cardinal uniform by the end of next week.