2009 Draft: MLB cuts slot bonuses 10%By
Via Baseball America, Major League Baseball will reduce it’s recommended slot bonuses for 2009 by ten percent across the board. MLB also reduced slot money by 10% back in 2007, fearing that the new August 15th signing deadline would give players increased leverage in contract negotiations. Slot for the Yanks’ first pick, #29 overall, was expected to be around $1.25M, but will now be approximately $1.125M. Slot money for the 76th overall pick goes from $530,000 to $477,000, give or take a couple thousand dollars.