In a development first reported by Murray Chass, MLB commissioner Bud Selig said his office will reduce its recommendations for bonus slots by 10 percent. Selig made the comments at an owners meeting last week in New York, and Baseball America has confirmed his plan with multiple sources.
MLB recommends bonuses for each pick in the first five rounds, as well as a maximum for all picks afterward. Last year’s estimated slots ranged from $4 million for the No. 1 overall pick to $155,000 for the final choice in the fifth round (No. 172), with a $150,000 threshold for subsequent picks.
Prepare for a slew of holdouts this year, especially in the first round. Several of the draft’s best prospects are advised by the hard-bargaining Scott Boras Corp., and two years ago clubs showed they wouldn’t walk away from their top choices over a difference of 10 percent.
"If I’m advising a first-round pick," one agent said, "I’m telling him there’s no reason to sign before Aug. 15. The longer you wait, the more money you’ll get."
Wednesday, May 27, 2009
MLB Draft: Bonus Slots Down 10%
Jim Callis at Baseball America has this on MLB's draft bonus recommendations:
-- By Doug at 12:14 PM