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.
- AL All-Star voting update: now “only” five Royals in the starting lineup 58
- Andy MacPhail introduced by the Phillies. And the first topic of conversation is sabermetrics 17
- What a world: Orioles are in first place and Ubaldo Jimenez has been their ace 16
- Settling the Scores: Sunday’s results 99
- Steven Matz stellar on the mound — and at the plate — in his major league debut for the Mets 19
- The 2015 Gillette Home Run Derby will have a new format 32
- Meet the Matz! The Mets call up Steven Matz to make his MLB debut 11
- Settling the Scores: Saturday’s results 23
- With the same-sex marriage decision, the San Francisco Giants get another big win (275)
- Joe Maddon is the latest manager to rip instant replay. He’s got a point. (108)
- Settling the Scores: Sunday’s results (99)
- And That Happened: Monday’s scores and highlights (79)
- And That Happened: Wednesday’s scores and highlights (75)