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MLB draft spending up 6 percent this year

Published on NewsOK Modified: July 17, 2013 at 3:10 pm •  Published: July 17, 2013
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For the 11th through 40th rounds, the amounts of bonuses exceeding $100,000 per pick are added to a team's total for calculating the tax.

A club exceeding its pool total faces escalating penalties, starting with a 75 percent tax on the overage, graduating to a 100 percent tax and the loss of its next two first-round picks.

Exceeding their thresholds were Atlanta ($156,950 tax), the Chicago Cubs ($383,925), Kansas City ($59,025), the Los Angeles Dodgers ($190,050), the New York Yankees ($85,500), Philadelphia ($55,125), Pittsburgh ($73,350), St. Louis ($243,375), San Francisco ($169,950), Seattle ($220,500) and Texas ($170,775).

Last Friday was the deadline for draft picks to sign, except for players who have exhausted eligibility for college baseball — a group that may sign up until a week before next year's draft. The players with the later deadline totaled $1.6 million in bonuses for the 2012 draft.