Originally Posted by Edd Roush
Can someone confirm this?
It is close enough. The Reds pool money is a little over $6M. They can spend whatever they want after round 10, as long as it isn't more than $100,000. Anything over that counts toward their "cap" in its entirety. Everything spent between rounds 1-10 counts toward the cap. A failure to sign a player goes against your "cap" and you lose that money. For example, if you don't sign your #8 round pick and the slot is $160,000, you lose that $160,000 off of your draft cap.