Author Topic: 2016 draft watch  (Read 11695 times)

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Offline BrandonK

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Re: 2016 draft watch
« Reply #325: June 30, 2016, 03:56:04 PM »
Callis corrected:

Quote
Jim Callis Verified account
‏@jimcallisMLB

1st-rder Dane Dunning signs w/@Nationals for $2 mil (pick 29 = $2,034,600). Florida RHP, RP for Gators but can SP, 92-95, good CH. @MLBDraft

Offline whytev

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Re: 2016 draft watch
« Reply #326: June 30, 2016, 09:13:12 PM »
That's interesting. That'd be over 5% of the pool amount, which would mean a lost first rounder next year...

Wait this crap carries over?

Offline BrandonK

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Re: 2016 draft watch
« Reply #327: June 30, 2016, 09:15:29 PM »
Wait this crap carries over?

They (likely) ended up under the 5% limit. I doubt they'll sign any HS guys in the 10-40s, so they're only paying the 75% tax on the allotment overage. LANC

Offline zoom

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Re: 2016 draft watch
« Reply #328: July 01, 2016, 08:33:54 PM »
They signed Howard (rd 12) as well.  Not sure on terms:

With Dunning deal done, Nats have signed top 19 draft picks
http://www.masnsports.com/nationals-pastime/2016/07/with-dunning-deal-done-nats-have-signed-top-19-draft-picks.html

Offline DCsOwn

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Re: 2016 draft watch
« Reply #329: July 07, 2016, 02:39:07 PM »
KLaw chat today:


EC: Did Nats get a steal in Dane Dunning? Underutilized in college it seems, so maybe more miles left on the arm?
Klaw: I thought so. Loved him. Liked their draft overall.

Offline BrandonK

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Re: 2016 draft watch
« Reply #330: July 07, 2016, 02:40:29 PM »
But KLaw hates the Nats!

Online varoadking

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Re: 2016 draft watch
« Reply #331: July 07, 2016, 02:43:14 PM »
How are these bonuses paid out to the players?  Surely they have certain obligations, right?  Is it prorated and paid over the length of the contract?

Offline BrandonK

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Re: 2016 draft watch
« Reply #332: July 07, 2016, 02:59:21 PM »
How are these bonuses paid out to the players?  Surely they have certain obligations, right?  Is it prorated and paid over the length of the contract?

It's a signing bonus. Paid around the time that they sign. Each player in MiLB makes a salary based on their tenure and level

Online varoadking

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Re: 2016 draft watch
« Reply #333: July 07, 2016, 03:05:17 PM »
It's a signing bonus. Paid around the time that they sign. Each player in MiLB makes a salary based on their tenure and level

So they can take the money and at sometime decide not to play?  I would think they would have to pay it back unless they fulfilled all of the terms of the contract, right?

Offline BrandonK

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Re: 2016 draft watch
« Reply #334: July 07, 2016, 03:18:24 PM »
Well, technically, there is no contract (as all MiLB players are subject to the same service time rules), so I'm not sure what the pro-rated portion would even be? I'm thinking, yeah, these guys could take a signing bonus and never play. A team could probably take them to court if they really never intended to play, but I'm really not sure. Good Q

Offline BrandonK

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Re: 2016 draft watch
« Reply #335: July 07, 2016, 03:33:58 PM »
I was wrong again. Sure enough, those bonuses are indeed amortized over the 7-year deal (I'm not sure if this source is legit -- he does say the minor league team is paying the signing bonus, which is definitely not true). http://www.grfcpa.com/resources/articles/when-are-signing-bonuses-amortized/

I'm guessing a team could agree on an injury settlement, if that's why the player retired (do note that the rights would still be held by the team, unless they also released them). From what I've seen though, most of these guys are released, then retire. For a signing bonus under $100K, it wouldn't be worth it, time and money-wise, to fight a player on it. A larger bonus, I'm sure they would.

Offline BrandonK

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Offline BrandonK

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Re: 2016 draft watch
« Reply #337: July 07, 2016, 03:53:18 PM »
Here's the standard contract, which I'm guessing most players get upon signing after being drafted. I am not sure how much wiggle room there is, since there's no MLB yearly agreements anymore. http://www.businessinsider.com/uniform-major-league-baseball-contract-2011-4#-5