I don't have a problem with draft picks getting as much as they can either (its called capitalism) but the system is flawed in a bunch of ways. For example:
1.) they give millions to players who are yet un-proven by any significant measure (easily the most important reason I see). for the life of me, I don't understand why club owners do this. Its insane.
2.) the money they waste on high round failures could go to shoring up the major league roster or,
3.) could be spread out among all the draft picks in some fashion so the players can live a reasonble life style while in the minors. (try living on >$1500-$1900 per month while having to pay for gas, car, car upkeep, rent, insurance, phone bill, clubbie dues ($10/day on the road and $8/day at home) food, etc, etc, etc, and amazingly most of your baseball equipment.
4.) given the hours they have to work, baseball gets away with paying minor league players about 1/5 of minimum wage, no overtime, no holiday pay etc. Illegal aliens have more rights than a minor league baseball player (yes, I know baseball players have a choice to not sign the contract, illegal aliens have a choice too.). And this is done under a collective bargining agreement that the players have neither a voice nor a vote in.
5.) MLB claims they can't pre-set signing bonuses because it would be illegal, yet they hide behind said collective bargining agreement for all the above, like predetermined salaries regardless of a players production, effort, etc.
Originally Posted by jmcclain19
This info used to be posted on MiLB.com but now I can only find it in the Google Cache - so they must have updated their page links
Those numbers above are why I don't have any issue whatsoever with draft picks doing everything they can in their power to get as much money as they can with their first contract. They make virtually no money until they crack that big league roster and can start making $380k plus a year.
The rest of your answers can be found in the basic agreement - plow thru it, it's pretty interesting reading. The latest basic agreement hasn't been posted online yet, but here's the basics according to the last one