- Commissioner’s statement on Ventura, Marte
- Ronnie O’Sullivan: Masters champion ‘felt so vulnerable’ in final
- Arron Fletcher Wins 2017 WSOP International Circuit Marrakech Main Event ($140,224)
- Smith challenges Warner to go big in India
- Moncada No. 1 on MLB Pipeline’s Top 10 2B Prospects list
- Braves land 2 on MLB Pipeline’s Top 10 2B Prospects list
- Kingery makes MLB Pipeline’s Top 10 2B Prospects list
- New Zealand wrap up 2-0 after Bangladesh implosion
- Mathews, Pradeep, Gunathilaka to return to Sri Lanka
- Elliott hopes for rain for Poli
Teams spent record $268M on draft bonuses
- Updated: July 20, 2016
3:43 PM ET
NEW YORK — Major league teams spent a record $267.95 million on signing bonuses for players drafted last month, a 7.4 percent increase from last year’s final total of $249.38 million.
Spending initially declined when restraints were put in place ahead of the 2012 draft, but has gradually risen under the five-year labor contract with the players’ association.
Teams spent $234 million in the 2011 draft on amateurs residing in the United States, Canada and Puerto Rico. The total dropped to $209 million in the first year of restraints, went up to $220 million the following year, then rose to $224 million in 2014 and $249 million in 2015, according to figures compiled by Major League Baseball.
“The amateur draft has been a principle reason for the level of competitive balance that you’ve seen in the game in recent years,” …
continue reading in source espn.go.com
