Teams hand out largest bonuses in MLB Draft history

By Matt Johnson

The window to sign draft picks from the 2018 MLB Amateur Draft in June is over. While several first-round picks went unsigned, MLB still managed to accomplish a record for money given out in the process.

According to Jim Callis of MLB.com,┬áthe league set a record with a combined $294.658 million spent, which eclipsed last year’s record of nearly $288 million.

The record is especially surprising given the average bonus for the first-round picks fell from last year’s record-setting number. In 2017, the average bonus money given to a first-round pick was $3.88 million. This year, the 32 first-round selections averaged $3.75 million in bonus money.

Casey Mize, the No. 1 pick by the Detroit Tigers, signed for the highest bonus amount at $7.5 million.