First-Year Player Draft (MLB Rule 4 Draft) Signing Bonus Pool

There is a maximum limit on the aggregate amount of money that each club can pay as signing bonuses to players selected in a First-Year Player Draft (MLB Rule 4 Draft) before penalties begin to accrue.

Prior to the Rule 4 Draft, each MLB club is assigned a “Signing Bonus Pool” (SBP) equal to the aggregate pre-assigned bonus value of all of the club’s draft slots in the first ten rounds (including supplemental & compensatory draft picks). The higher the slot, the higher the bonus value. (The collective MLB SBP is determined in advance by calculating industry revenues).

The Cubs 2016 Rule 4 Draft SBP is $2.245,100 (it was $7,236,100 in 2015).

If a club fails to sign a player selected in the first ten rounds (including supplemental draft picks), the value of that slot is deducted from the club’s SBP. There is no bonus value assigned to draft slots after the 10th round, but if a club pays a signing bonus in excess of $100,000 to a player selected in the 11th round or later or to a player eligible for selection who was not drafted, the amount of that bonus in excess of $100,000 is deducted from the club’s SBP.

If a club exceeds its SBP in a given Rule 4 Draft, a tax will be assessed and future Rule 4 Draft picks could be forfeited, depending on how much the club exceeded its SBP. (The club’s 1st Round draft pick in the next Rule 4 Draft is forfeited if the club exceeds its SBP by 5-10%, its 1st & 2nd round draft picks in the next Rule 4 Draft are forfeited if the club exceeds its SBP by 10-15%, and the club’s 1st Round picks in the next two Rule 4 Drafts are forfeited if the club exceeds its SBP by more than 15%).

Money collected from the tax on clubs that exceed their SBP will be distributed to qualifying clubs as Revenue Sharing funds, and forfeited draft picks will be reassigned by lottery. (Any club that exceeds its SBP is excluded from the lottery).

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  • j.buchanan with a nice start...5ip 2h 1bb 3k, 0r/er

    zobrist with 2HR and a double through 8

    heyward 0-4 :(

    crunch 6 hours 20 min ago view
  • Mark Gonzales @MDGonzales

    Soler likely to return Sunday, Maddon says

    crunch 8 hours 57 min ago view
  • Right now, I'd like to see the Mets first, Giants 2nd.

    I believe that since most of the team from last years' NLCS is on the squad this year, they will really amp their game up even more to kick their ass in payback for 2015.

    The Giants just do not have the depth in years past, and I think all things equal - and at Wrigley - they could handle them.

    I do not want to see the Cards, period. Or their fans, media, or Joe Buck.

    The E-Man 9 hours 17 min ago view
  • I don't want to play Braves in the first round. Any friggin team in the league can win 3 of 5..I hate the first round. Furthermore, I wanted to play the Marlins in 2003 and the Mets over Dodgers last year.

    With that said in reverse order:
    3. Cardinals: It will be devastating to lose in the first round, but even worse to their main rival. It is increased incentive for the Cardinals, especially after last year. Cards would have nothing to lose, Cubs have everything to lose.

    2. Giants: Rotation in the playoffs scare me a bit, but what a lousy team.

    blockhead25 10 hours 11 sec ago view
  • 1. Mets--because of the losses in the rotation
    2. Giants--because they're not the team they were BUT they maybe have bullshit even-year magic?
    3. Cardinals--because rivalry and not making the playoffs hurts them more than losing in the NLDS plus getting eliminated by them in the playoffs would make for horrible sports commentary next throughout next season.

    Charlie 11 hours 43 min ago view
  • Who's asking?

    jacos 11 hours 45 min ago view
  • #TeamEntropy

    http://www.si.com/mlb/2016/09/30/team-entropy-update-wild-card-races-al-...

    CLE/DET rained out last night already, possible rain-outs in New York (vs. Baltimore), Boston(vs. Toronto) and Philly(vs. Mets) this weekend too.

    Not only games involving playoff spots that would need to be played, but any that involve home field advantage.

    Rob G. 11 hours 54 min ago view
  • I got the first one! Second one I'm not even sure what even/odd betting is.

    johann 12 hours 41 min ago view
  • any opponent preference for NLDS?

    Mets are down to 1 great pitcher instead of 4. Syndegaard may pitch Sunday which means if Mets win the WC game, he'd be set up for Game 1. There's a chance they clinch a spot by Sunday so he'd pitch the WC and then we'd probably get Colon for Game 1. They've certainly had the hottest bats over the last week and month out of the WC options.

    Rob G. 13 hours 2 min ago view
  • Rob Richardson 18 hours 6 min ago view
  • Can't teach height and thinness

    jacos 20 hours 1 min ago view
  • Hopefully Pirates don't call up A. Lincoln.

    jacos 1 day 5 hours ago view
  • j.buchanan going friday...should be...baseball...or something like it.

    crunch 1 day 5 hours ago view
  • Wow. I didn't know they could do that.

    Nice for Willson, not so much for Addy.

    billybucks 1 day 5 hours ago view
  • Game is officially called...also officially a tie.

    Stats count, no make-up date of course.

     

    Rob G. 1 day 5 hours ago view
  • Yeah -- seeing the weather -- I hope KB and Rizz are inside, wrapped in blankets and drinking hot chocolate.

    billybucks 1 day 6 hours ago view