Originally Posted by Doc. Scott
With the new rules, I can't think most teams will be able to sign lower-round HS picks away from college commitments. Makes me wonder why the Reds are spending time drafting such players like Stephens.
What I read today indicates that there may be somewhat of a "loophole" with rounds after 10. Its thought you can only sign picks after round 10 for a max of 100K, but that does not appear to be the case. You can go over 100K, but then it counts against your bank for rounds 1 through 10 for everything AFTER the 100K. So in essence, if you can get a guy like this to sign AFTER round 10, then you save 100K from the cap space of your round 1 through 10 bank.
So, say you want to sign a guy in round 20 who probably should have gone in round 10. He wants 450K. If you signed him in round 10 for that, thats the entire 450k against your cap. However, if you sign him for that amount in round 20, its only 350k against your cap.
At least thats how baseball america was reporting this earlier today, which is why you saw some of the higher ranked draft prospects fall and then get picked outside the top 10 rounds.