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.

Recent MLB Discussions

MLB Trends Wednesday, May 25 on Wed, May 2016 by Blade
May Pitchers Report on Wed, May 2016 by Blade
MLB Trends Tuesday, May 24 on Tue, May 2016 by Blade

Top MLB Public Bets

MLB Top Stories

Thumbnail Can Reds contain rolling Dodgers tonight? Everybody’s picking on the last-place Reds at the moment. Why not add the Dodgers’ Scott Kazmir to the group?
Thumbnail A's vs. Mariners Prediction Will tonight's AL West matchup between the A's and Mariners be a high-scoring affair at 10:10PM ET?
Thumbnail Diamondbacks vs. Pirates Total Pick Will the Pittsburgh Pirates continue to pile up the runs against the Arizona Diamondbacks when they meet tonight at 7PM...
Thumbnail Blue Jays vs. Yankees Prediction The Yankees are red-hot but can the Blue Jays end the Bombers' six-game winning streak tonight at 7:05PM ET?
Thumbnail Pirates to keep pouring it on Diamondbacks? Don’t look now, but the National League Central Division race seems poised to get a lot more interesting.
More inMLB Articles  

MLB Team Pages