- The draft signing deadline moves to the July 12-18 range from August 15th. Depending on the date of the ASG
- Cubans under 23 years old with less than three years of professional experience will be considered amateurs and count against international spending limits
- Teams that go more than 5% over slot get a 75% tax
- From 5-10% over slot, a 75% tax and loss of 1st-rd pick the next year
- Teams that go over slot by 10-15% face a 100% tax and the loss of a first and second rounder
- Teams that exceed slot by 15% or more face a 100% tax and the loss of two first rounders
- No more major league deals
- Starting in 2013-14, teams will be able to trade money from their spending allowance for international players
- There will be six draft picks immediately after the first round given out via lottery to teams with 10 lowest revenues, 10 smallest markets (A club’s odds of winning the lottery will be based on its prior season’s winning percentage)
- Every team will have $2.9M to spend in international bonus money this season. Money is not tradeable this year.
- If a player signs after the 10th round for more than $100,000, the excess money will go against a team's draft pool.
- Overall money to be spent in draft and int'l FA in line with 2010 figures. CBA attempts to give advantage to bad teams via larger pools.
- Worst teams, for example, will receive ~$5M in int'l $. Best teams will get ~$1.8M. Not sure on exact figures for draft, but similar %.
- Teams that don't exceed their draft pool will have a chance to obtain picks from teams that over-spent
Clearly this is a significant overhaul of the amateur signing system as we know it. The owners wanted to reduce costs on young players and have done so in this deal. The penalties for going over slot look stiff enough to make this a de facto hard cap. Players union probably didn't mind a reduction in expenditures on amateur talent as it increases money to be spent on current union members.
I'm very surprised by the cap on international free agents.
Good to see the signing deadline move up and glad to see no more MLB deals.
The days of the Red Sox using their financial muscle to acquire elite talent in the draft are over. Another byproduct is that two-sport stars will not have as much financial incentive to drop their other sport and commit to baseball full time. I don't see how that is a benefit for baseball. Doing anything to attract less elite talent to the sport is foolish.
Edit: Ack, how do I edit the topic name??
Edited by Jeff Van GULLY, 22 November 2011 - 01:43 PM.