NEW YORK (AP) - Major League Baseball teams can spend a little more money on amateur draft picks this year.
The signing bonus values for the selections in next month's draft will increase by 8.2 percent, players and owners agreed this week.
Under their memorandum of understanding in November 2010 for a five-year labor contract, the sides agreed signing bonus values will increase each year at the same rate as industry revenue.
The value for the No. 1 pick, held for the second straight year by the Houston Astros, increased to $7,790,400 from $7.2 million.
Advertisement

Top MLB Public Bets

MLB Top Stories

Thumbnail Are Sale's Sox now the favorite? The Boston Red Sox made a big splash this week when they acquired Cy Young contender Chris Sale from the...
Thumbnail Red Sox acquire Sale, WS odds improve Following the acquisition of Chris Sale from the Chicago White Sox, the Boston Red Sox' World Series odds have improved greatly.
Thumbnail Will Cubs repeat as champs? The Chicago Cubs are a month into their championship reign. As the 2017 season approaches, are they favored to repeat?
Advertisement

MLB Team Pages