Bonuses for the 2014 draft totaled $222,809,919, the largest yet under the current Collective Bargaining Agreement and the second-largest in draft history.
The 2014 draft could have had the highest draft expenditure in history, surpassing the $228,009,050 spent in the last draft under the previous CBA in 2011. Had No. 1 pick Brady Aiken signed for the original $6.5 million deal he and the Astros agreed to in early June, or if Aiken had signed for the reported $5 million offered on deadline day and fifth-rounder Jacob Nix signed for his reported $1.5 million deal, the 2014 receipt would have surpassed 2011 by more than $1 million.
Teams are taxed 75 percent on every dollar spent over their bonus pool allotment, but showed a greater willingness to spend more than their bonus pool. In 2012, the first year under the current CBA, nine teams paid a tax and 10 paid in 2013. But this year 15 teams paid the tax, totaling $3,569,219 over their bonus pools.
If teams exceed their bonus pool by more than 5 percent, they forfeit two future picks. No team in the current CBA has forfeited a pick. As teams gain greater experience and comfort working within the constructs of the current CBA, more teams have shown a willingness to creativity approach this 5 percent threshold. In 2012, only three teams spent at least 4.0 percent over their bonus pool. That total doubled to six in 2013. This year, nine teams went at least 4.69 percent over their bonus allotment. The Nationals, who signed No. 18 pick Erick Fedde for $2,511,100 and lost their second-round bonus slot when Andrew Suarez, went right up to the threshold of 5 percent.
Including teams that spent less than bonus pool allotment, teams collectively spent $2.11 million more than the cumulative bonus pools. That total was $7.88 million below in 2013 and $5.62 below in 2012.
The White Sox, who finished second in total spending ($10.46 million) and bonus pool spending ($9.98), paid the most tax money at $356,175. Chicago’s draft expenditure this season is the largest in franchise history, having signed No. 3 pick Carlos Rodon to the largest bonus in the draft at $6.58 million. Under the previous CBA from 2007-2011, the White Sox averaged $3.665 million per draft, the least of any team and only 57 percent of the average of all teams ($6.355 million). Chicago has totaled $21,178,500 bonus pool spending under the current CBA, the 11th most of any team.
Only 13 teams did not pay any tax and the teams that receive revenue sharing money are incentivized to not exceed their bonus pool. The 75 percent tax on the $3.569 million spent over the bonus pool allotment equates to $2,676,914. Teams that receive revenue sharing money and do not exceed their bonus pools receive an equal amount of the tax money. Nine teams qualified to receive $297,435 each. All but one of the teams (Miami, who was $448,300 under their pool allotment), was under their allotment by less than they will receive through the tax distributions. Six of the teams (Royals: 41,200, Brewers: 1,500, Diamondbacks: 22,400, Reds: 15,000, Padres: 0, Athletics: 3,300) were less than $50,000 below their bonus pools and will receive $297,435 reach.
The Marlins spent the most of any team in the draft by both total spending ($13.11 million) and bonus pool spending ($12.74). This marked the largest draft expenditure during the current CBA and made the Marlins the only team to spend more than $12 million in the last three drafts. The previous high water mark belonged to the 2012 Minnesota Twins ($11,938,900), who signed No. 2 pick Byron Buxton to the highest bonus in the draft class ($6,000,000) and two supplemental first-round picks (Jose Berrios and Luke Bard) for more than $1.25 million each.
The White Sox’s bonus pool spending ($9.98) marks the sixth-highest total of the last three years.
Bonus pool spending ($197,972,219) accounted for 88.9 percent of the total spending, as the remaining funds were spent on draftees in rounds 11-40 who did not receive more than $100,000.
Below is a chart with total bonus spending per team for the 2014 draft. The second column is the team’s total spending including money after the 10th round that did not count against their bonus pool, followed by their bonus pool spending and bonus pool allotment. The bonus pool reflects the funds that were deducted because of a player who failed to sign.
|Team||Total Spending||Bonus Spending||Bonus Pool||+/- Pool||% +/- Pool||Rec. Distribution|