Discussion

Spending drops 11 percent overall

Updated: July 18, 2012, 6:37 PM ET
Associated Press

NEW YORK -- Spending by teams in baseball's amateur draft dropped by 11 percent in the first year of restrictions imposed by the new labor contract.

Teams allocated $207.8 million to draft picks, down from $233.6 million last year though still the second-highest annual total, according to figures compiled by Major League Baseball. The decline in the first round was even more pronounced, a 17 percent fall from $89.5 million to $74.3 million this year.

Just 10 teams exceeded their signing ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

ALSO SEE

MORE MLB HEADLINES