User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Horses
Golf
Auto
Soccer
More
Betting Tools

 
MLB draft spending up 6 percent this year

New Sportsbook.ag customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

NEW YORK (AP) - Teams spent $219.9 million on signing bonuses for selections in baseball's amateur draft this year, up 6 percent from $207.8 million at a similar point last year.

Advertisement
The rise followed a 10 percent drop from a record $233.6 million in 2011, the last year before restrictions imposed by baseball's collective bargaining agreement with players.

Eleven teams went over their signing bonus pools - one more than last year - and will pay a total of $1.8 million in tax, according to preliminary figures compiled by Major League Baseball. But no club went over by more than 5 percent and reached the second level of penalties, which would cause a club to forfeit its next first-round draft pick.

Baseball's labor contract assigns a slot value to all picks in the first 10 rounds, with the amount starting at $7,790,400 this year for the first pick and decreasing to $135,300 for the final selections of the 10th round.

If a team fails to sign a player, the amount of that slot is deducted from its pool. Just eight players in the first 10 rounds didn't sign, including one first-rounder: high school pitcher Phillip Bickford, selected by Toronto with the 10th overall selection.

For the 11th through 40th rounds, the amounts of bonuses exceeding $100,000 per pick are added to a team's total for calculating the tax.

A club exceeding its pool total faces escalating penalties, starting with a 75 percent tax on the overage, graduating to a 100 percent tax and the loss of its next two first-round picks.

Exceeding their thresholds were Atlanta ($156,950 tax), the Chicago Cubs ($383,925), Kansas City ($59,025), the Los Angeles Dodgers ($190,050), the New York Yankees ($85,500), Philadelphia ($55,125), Pittsburgh ($73,350), St. Louis ($243,375), San Francisco ($169,950), Seattle ($220,500) and Texas ($170,775).

Last Friday was the deadline for draft picks to sign, except for players who have exhausted eligibility for college baseball - a group that may sign up until a week before next year's draft. The players with the later deadline totaled $1.6 million in bonuses for the 2012 draft.

AP NEWS
The Associated Press News Service

Copyright 2015
The Associated Press
All Rights Reserved

  
HEADLINES
Rogers: Thursday's Tip Sheet
Lawrence: July Pitchers Report
News: Win Total Update - June
Sportsbook: Stanton injury changes HR Odds
Feist: Midseason Report
News: Divisional Odds Update
Carrasco loses no-no with 2 outs in 9th
Angels GM Dipoto says he quit
Yanks avoid sweep, top Angels 3-1
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
MLB Pro Baseball Handicapper Sports Picks Records
MLB Hot Streaks
4-1 +333 L3 Days, +2,495 TY
3-0 Yesterday, 9-1 +800 L10
10-3 L13, 26-10 Run, 11-3 G-Plays
4-0 +447 L3 Days, +1,479 TY
5 Straight G-Play Winners
+2,133 Overall This Year
10-4, +620 L14 Guarantees
4-2 L3 Days, 13-4 L17 G-Plays
7-3 L10 Guaranteed Plays
28-18, +1,079 L46 MLB Picks
3-1, +275 L4 Guarantees
6-2, +532 MLB Last 8 Picks
2-0 Yesterday, 3-1 L4 Totals
MLB Pro Baseball Expert Sports Picks-
2015 MLB SEASON PICK RECORDS
Money Leaders
Handicapper Money
Joe Nelson + 2495
Kevin Rogers + 2133
Dave Cokin + 1479
Underdog Leaders
Handicapper Money
Kevin Rogers + 2295
Joe Nelson + 2093
Dave Cokin + 1283
Over-Under Leaders
Handicapper Money
Kyle Hunter + 401
John Fisher + 290
Scott Pritchard + 237
Guaranteed Leaders
Handicapper Money
Joe Nelson + 1392
Dave Cokin + 842
Chip Chirimbes + 687
Favorite Leaders
Handicapper Money
Chip Chirimbes + 1115
Joe Nelson + 360
Mark Franco + 302
Member Leaders
Handicapper Money
Chip Chirimbes + 1218
Joe Nelson + 784
Dave Cokin + 637
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Daily Fantasy Sager Bomb