MLB draft spending up 6 percent this year Print
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Wednesday, 17 July 2013 11:04
MLB Headline News

 NEW YORK (AP) - Teams spent $219.9 million on signing bonuses for selections in baseball's amateur draft this year, up 6 percent from $207.8 million at a similar point last year.
The rise followed a 10 percent drop from a record $233.6 million in 2011, the last year before restrictions imposed by baseball's collective bargaining agreement with players.
Eleven teams went over their signing bonus pools - one more than last year - and will pay a total of $1.8 million in tax, according to preliminary figures compiled by Major League Baseball. But no club went over by more than 5 percent and reached the second level of penalties, which would cause a club to forfeit its next first-round draft pick.
 

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