MLB teams combined to spend $228,009,050 on draft bonuses in 2011, and a total of $236,059,050 including additional guarantees in major league contracts for Danny Hultzen, Trevor Bauer, Dylan Bundy, Anthony Rendon and Matt Purke. Those are both records, up from $195,782,830 and $201,832,830 in 2010.
On the day of the Aug. 15 signing deadline, the clubs spent $132,098,500 in bonuses and a total of $139,098,500 in guarantees. Those are two more new marks, up from $91,155,600 and $97,205,600 in 2010.
The Pirates, who gave a record $8 million bonus to No. 1 overall pick Gerrit Cole and set another mark for non-first-rounders by paying $5 million to second-rounder Josh Bell, spent a total of $17,005,700. That obliterated the old bonus standard of $11,927,200 set by the 2010 Nationals.
The Nationals didn't relinquish that record without a fight, spending $15,002,100 in bonuses. Additional guarantees to Rendon and Purke bring Washington's overall total to $17,602,100. The record for the most guaranteed money spent in a single draft remains $19,118,604 by the 2009 Nationals, the bulk of which was a $15,107,104 big league contract for No. 1 overall pick Stephen Strasburg.
The Royals ($14,066,000), Cubs ($11,994,550) and Diamondbacks ($11,930,000) also surpassed Washington's old bonus record. The Rays ($11,482,900), Mariners ($11,330,500), Padres ($11,020,600), Blue Jays ($10,996,500) and Red Sox ($10,978,700) brought the total of teams spending $10 million or more to 10. Only seven teams previously had topped $10 million in bonus spending, all in the previous three drafts.
At the other end of the spectrum, the White Sox ranked last at $2,786,300. The Tigers were the only other team below $3 million at $2,878,700–less than the $3.45 million they paid supplemental first-round pick Nick Castellanos in 2010.
Update: The original signing data didn't include two Canadian players awaiting visas. The appropriate totals have been updated.
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Those damn big market teams are ruining baseball spending like drunken sailors on the draft! You know, Pittsburgh, Washington, Seattle, Toronto, Tampa, Kansas City, San Diego, Arizona. Wait, what?
Posted by christian | August 17, 2011 at 1:03 pm | ShortcutWhat was the Dodgers' total?
Posted by Jared | August 17, 2011 at 3:13 pm | ShortcutDodgers ranked 26th at $3,509,300. We’ll get some more draft data up on the blog soon!
Posted by Jim Callis | August 17, 2011 at 6:14 pm | ShortcutWhere can I get totals for all teams?
Posted by Luke | August 17, 2011 at 7:22 pm | ShortcutShould have them up on the site tomorrow or Friday.
Posted by Jim Callis | August 17, 2011 at 8:56 pm | Shortcut