Jim Callis of Baseball America has two updates on the Draft Bonus Pools for the MLB draft under the new Collective Bargaining Agreement.  Callis first reports that the bonus pool for the top ten rounds is closer to $180 M than the $200 M that was originally reported.  He also added that if you don’t sign a pick, you lose his cap value.  That means if you don’t sign your first round pick, you can’t use his funds to go over-slot on later round picks.

The second note kills a lot of theories on how to go over-slot on later round players.  A lot of the ideas so far centered around signing only a few picks at high prices, and leaving other players unsigned to stay under the overall bonus pool.

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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.