Jul 16, 2012, 4:16 PM EST
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.
- Rockies acquire Brett Anderson from A’s 9
- D’backs, Angels, White Sox agree to three-team Mark Trumbo deal 62
- Ranking MLB managers by . . . handsomeness 72
- Curtis Granderson: “A lot of people have told me real New Yorkers are Mets fans” 57
- The Phillies have told teams they’d trade Cliff Lee and Cole Hamels 53
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (112)
- Robinson Cano “didn’t want to play” for Joe Girardi (110)