New York — Major League Baseball will cut its amateur draft from 40 rounds to five this year, a move that figures to save teams about $30…
New York — Major League Baseball will cut its amateur draft from 40 rounds to five this year, a move that figures to save teams about $30 million.
Clubs gained the ability to reduce the draft as part of their March 26 agreement with the players’ association and MLB plans to finalize a decision next week to go with the minimum, a person familiar with the decision told the Associated Press. The person spoke Friday on condition of anonymity because no decision was announced.
There will be just 160 players drafted, and the combined value of their signing bonus pools is $235,906,800. The amount of signing bonus pool money eliminated is $29,578,100.
As part of the agreement with the union, players passed over in the draft are limited to signing bonuses of $20,000 or less.
