Aug 17, 2011, 12:48 PM EST
Note: I’ve corrected some figures that were initially listed wrongly.
Jim Callis of Baseball America reports that the 2011 draft class received a grand total of $228 million in signing bonuses, with their total guaranteed money rising to $236 million once major-league contracts are factored in.
That represents a 16 percent increase over last season, when the 2010 draft class combined for a then-record $196 million in signing bonuses and $202 million in total guaranteed money.
In other words, MLB’s attempt to suppress bonuses by bullying teams into following their “slot” recommendations hasn’t exactly gone as planned. Teams spent $132 million for players signed on the August 15 deadline day alone.
And while $228 million for a bunch of high school and college players sounds like an insane amount of money–and it certainly is, on a player-by-player basis–collectively the draft class will ultimately provide far more value than that to teams during their cost-controlled, pre-free agency seasons. And it would have been $231 million had Tyler Beede not turned down the Blue Jays for Vanderbilt.
- MLB, NPB nearing new posting system agreement 8
- Report: Talks between the Mets and Curtis Granderson have “intensified” 31
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury 159
- Marlins sign free agent catcher Jarrod Saltalamacchia to three-year, $21 million contract 44
- Carlos Beltran likely to land with the Royals? 18
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (159)
- When will the Yankees regret the Jacoby Ellsbury contract? (96)
- Robinson Cano met with the Mariners in Seattle (84)
- Yankees’ Jacoby Ellsbury signing to pay big dividends… for now (79)
- Robinson Cano says he never asked for $300 million (70)