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MLB teams spent $208 million signing draft picks this year

Jul 16, 2012, 4:16 PM EDT

mlb draft

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.

  1. hittfamily - Jul 16, 2012 at 4:20 PM

    Isn’t that about how much the Yankees still owe A Rod.

    • proudlycanadian - Jul 16, 2012 at 4:26 PM

      Seems about right. On the other hand, I doubt that any of them will have as good a career as Arod.

      • kopy - Jul 16, 2012 at 4:32 PM

        And yet, I bet the Yankees would rather have every player in this year’s amateur draft.

      • redguy12588 - Jul 16, 2012 at 4:37 PM

        The Yankees aren’t paying for 28 year old Arod, theyre paying for 36 year old Arod.

      • hittfamily - Jul 16, 2012 at 6:10 PM

        “Seems about right. On the other hand, I doubt that any of them will have as good a career as Arod.”

        But they aren’t paying him for what he is already done. They are paying him for what he will do. The yankees will be very lucky to get 1 home run per million dollars at this point.

        The idea was that for all MLB has done to limit draft day paychecks, there is 1 aging average third baseman that will make all of the draft picks money combined.

  2. fauxfauxforty - Jul 16, 2012 at 4:44 PM

    It was $18 million on first 7 & $10 million on rest of draft per Callis tweet.

  3. vanmorrissey - Jul 16, 2012 at 4:58 PM

    So it comes out to about $1million per team less, not significant dollar wise but significantly spread out among the draft as a whole plus moving up the signing deadline makes a big difference.

    • js20011041 - Jul 16, 2012 at 5:28 PM

      But that’s exactly it. In order to save less than they pay veteran backup infielders, they’ve made it considerably more difficult for small market teams to build through the draft. The shortsightedness and cheapness is mind boggling.

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