Image
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 2023 Rule 4 Draft SBP is $8,962,000 (was $10,092,700 in 2022)
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 $150,000 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 $150,000 is deducted from the club’s SBP.
NOTE: A player eligible for selection in the MLB First-Year Player Draft who is not selected can be signed by any MLB club as a Non-Drafted Free-Agent (NDFA) beginning at 9 AM (Eastern) on the day after the final day of the draft. However, clubs are not permitted to discuss with a draft-eligible player the possibility of signing the player as a NDFA anytime prior to 9 AM on the day after the final day of the draft.
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).
Recent comments
Sonicwind75 10/04/2023 - 10:38 am (view)
Outside the box idea for 3b, Anthony Rendon. Angels eat some of the contract but even then the prospect cost would be light. Getting healthy and getting the hell out of the Angels organization could be a good change of scenery, bounce back candidate.
Charlie 10/04/2023 - 10:51 am (view)
A Bryan Reynolds CF and Christopher Morel LF outfield defense would be laughable in that Pittsburgh ballpark, though.
Childersb3 10/03/2023 - 10:46 pm (view)
I understand this is a cost saving and control idea. But I wouldn't be happy giving up ONKC or Alcantara for Hayes and/or Bednar.
I'm not saying they aren't good players. They are. They've never been "tested" with playing for a good team, but that isn't their fault. They produce good results. But not Jaguar and Big Red.
Canario won't get to play for the Cubs, just like Velazquez, so he should probably go. Same for Mervis and Vazquez. Wesneski can get better but Bednar would certainly help us.
But not to big power hitting OFs that are 21 yrs old and younger at AA already. I'm still holding out hope for the ONKC-PCA-Jag left to right OF. I'm just not giving up on that.
Hayes for Morel kind of stings. I'd love for Morel to get a full year at 3B. Even if he failed there miserably, I'd like to give him a shot.
Phil always comes up with common sense angles. This trade idea fills needs for sure and fills them with cost saving effective players.
I'm thinking Morel goes to NYM for Alonso.
We'll see what Jed cooks up.
Arizona Phil 10/03/2023 - 10:18 pm (view)
It used to be that teams did not want to trade within their own division for PR reasons, but I don't see that with Ben Cherington in Pittsburgh or with Hoyer / Hawkins in Chicago, so the Cubs might target Pirates 3B Ke'Bryan Hayes and closer David Bednar.
Hayes is a Gold Glove defender, a decent enough hitter (105 OPS+ in 2023), and he's under control at a VERY reasonable price ($8.75M AAV) through 2029 (with a club option for 2030).
Bednar is first-time salary arbitration-eligible post-2023 and under control through 2026.
One thing about the Cubs is that they can afford to overpay (which is what they would have to do to get both Hayes and Bednar) with a package consisting of a decent young MLB position player to replace Hayes in the lineup (like Christopher Morel, who could play LF in Pittsburgh) and prospects like outfielders Alexander Canario, Owen Caissie, or Kevin Alcantara (Pirates pick one, leaving the other two for the Cubs), a power-hitting 1B-DH like Matt Mervis or Haydn McGeary (Pirates pick one, leaving the other one for the Cubs), SS Luis Vazquez (who is MLB-ready but will never play SS in Chicago), 3B B. J. Murray (who could replace Hayes at the hot corner in Pittsburgh by 2025 if not sometime in 2024, and he obviously would be blocked in Chicago if the Cubs get Hayes), and an MLB-ready SP like Hayden Wesneski.
crunch 10/03/2023 - 10:02 pm (view)
boog and glanville calling the PHI@MIL game on ESPN2.
crunch 10/03/2023 - 10:59 pm (view)
bellinger is my #1 want, but i fear he's the #1 want of many teams and will get crazy money + years, with the years being the big sting. they need to replace bellinger's production if they don't get him no matter what position(s) played.
George Altman 10/03/2023 - 10:40 pm (view)
I hope their top priorities are Bellinger, 2 RPs better than Fulmer/Boxberger (ideally 1 LH), and a 3B (Chapman my 1st Choice). That will put them right up to $237-257M AAV limit, but I don't see a playoff berth doing anything less.
If they really want Alonso, Morel would be a good opening piece of that offer.
Unfortunately, Stroman will opt in ($23.7M) and Smyly ($11.5M) will be back. Steele, Taillon, Assad, Wicks will be rotation pieces. Would love a SP2 FA but don't see how they keep an effective offense and improve their bullpen while adding that.
crunch 10/03/2023 - 10:03 pm (view)
i cannot imagine getting a legit 3rd, whether signing or via trade, isn't the highest priority for the team. it's almost obvious they don't see morel there.
Dolorous Jon Lester 10/03/2023 - 10:19 pm (view)
I’m just hoping they have an actual 3B next year so we don’t need to worry about the M boys, Bote, and P Whiffy eating all the 3B at bats next year.
Dolorous Jon Lester 10/03/2023 - 10:13 pm (view)
Willson was a OF/3B when we signed him too.
On a less successful but still got to the show note, PJ Higgins was another college IF converted to C