The
MLB Amateur draft signing deadline came and went last night and it was much of the same. Scott
Boras and others squeezed every minute of the deadline and again they squeezed every penny out of the Organizations. Three years ago
MLB added a rule for the draft that put a deadline on when a player can sign with a team eliminating the draft-n-follow aspect. This new rule was created to help each team budget their money better. Teams complained about player agents dragging negotiations out until weeks before the next draft.

What
MLB didn't know is that the deadline now gives the player agents the upper hand by put each organization's "backs" against a wall. The rule of thumb the last three years has been the longer you wait the more money you get.
The numbers don't lie:
Before Deadline was in place:
Average Sum of the entire 1st Round (2004-2006) = $60,028,333
After Deadline was in place:
Average Sum of the entire 1st Round (2007-2009) = $70,856,833
That is an $10,828,500 difference between each system on average and it is escalating.
Here are some more interesting numbers. I took the 3 years before the deadline and the last 3 years it has been in place. The bonus amounts given to these players has increase significantly.
Number of $7+ Million Dollar signing bonuses: 0 before, 1 after
Number of $6+ Million Dollar signing bonuses: 1 before, 8 after
Number of $5+ Million Dollar signing bonuses: 1 before, 9 after
Number of $4+ Million Dollar signing bonuses: 4 before, 11 after
Number of $3+ Million Dollar signing bonuses: 15 before, 19 after
Number of $2+ Million Dollar signing bonuses: 32 before, 36 after
The total Multi-Million Dollar signing bonuses 3 years before the deadling (53) was blown out of the water compared to the 3 years after the deadline (84) was implimented. It has made 31 more multi-million dollar amatuer athletes since its existance. This is a staggering number.
So who has won with this rule? The Teams or the Players?
Oh yeah, they still found a way around the deadline (at least for college players) by sending them to Independent baseball.
The players get more money because of the deadline and college players can get around it by dropping out of school!
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