Jim Callis of Baseball America released the bonus pools for the 2012 draft today. The Pittsburgh Pirates will end up with a pool of $6,563,500, which includes their first round pick, valued at $2.9 M. That total doesn't include any compensation for Derrek Lee, since Lee isn't expected to sign a major league deal.
When the new Collective Bargaining Agreement was announced, it didn't look like a good deal for small market teams. The new slotting system was harsh, penalizing teams if they spent more than their bonus pools. If a team exceeded their pool by up to five percent, they would be taxed 75 percent on the overage. If a team went five to ten percent over, they would be taxed 75 percent on the overage and they would also lose a first round pick. Ten to fifteen percent results in a 100 percent tax on the overage and the loss of a first and a second round pick. Fifteen or more percent would result in a 100 percent tax and the loss of two first round picks.
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.