Jul 16, 2012, 4:16 PM EDT
Jim Callis of Baseball America crunched the (preliminary) numbers and reports that MLB teams combined to spend approximately $208 million signing draft picks this year.
That’s obviously an incredible amount of money, but Callis notes that teams spent around $236 million on draft picks last year.
Part of the decrease comes from this year’s draft class being much weaker in terms of elite-level talent, but the changes in the collective bargaining agreement that provide much stricter spending limits was clearly also a driving force behind the $28 million decrease.
Interestingly, according to Callis the top seven picks cost $18 million less to sign this year than last year–eighth overall pick Mark Appel was the only first-rounder not to sign–and the rest of the 39-plus rounds worth of players cost $10 million less to sign this year than last year. So mostly the signing bonus limits cut way back on how much the elite players received and also trimmed a bit from the lesser players as well.
- The World Series ratings are low. So what? 24
- John Hart to be named Braves President of Baseball Operations 2
- No, Ned Yost didn’t “out-manage” Bruce Bochy. His players played better 68
- At least Hunter Strickland entertained us last night 34
- Royals even up World Series with 7-2 Game 2 victory 37
- Craig Kimbrel wins Trevor Hoffman Award; Greg Holland gets Mariano Rivera Award 8
- World Series, Game 2: Giants vs. Royals lineups 10
- HBT Daily: Are the Royals doomed, doomed, doomed? 11
- So, if you’re not a fan of the Royals or Giants, who ya got? (129)
- Erroneous Narrative Alert: no, the Giants are not a “gritty,” anti-stats organization (122)
- Pedro Martinez has some opinions about who the new “face of baseball” is (112)
- PANTY RAID! Homeland Security agents confiscate unlicensed Kansas City Royals underwear (108)
- “The Kansas City Royals Are the Future of Baseball” — someone actually said that. (93)