Welcome to draft day 2012! (new draft rules added to 1st post)

[bmxstreetrider86]

Happy Draft day folks. I expect we will have a lot of discussion over the next couple days about the picks this team and others make. i am just taking the time to remind you that this year the treads will be actively moderated and all CS apply to every post. last year the warning meant that i didn't have to suspend anyone for the draft and i would like that run to continue

trashing players, FO members, and excess negativity will earn you a suspension through the end of the draft. not agreeing with a pick or player does not constitute any of these, so long as the reason is properly explained. with many people coming here for information on the Yankees draftees and many knowledgeable posters, we should be a source for good information and not a squabbling band of posters.

this is the first year under the new draft rules so it should be interesting to see how it all plays out.


enjoy the draft

all the new rules:

Rule 4 Draft
1. The draft is still held in June, but the signing deadline has been moved to between July 12 and July 18th, depending on All-Star Game date.

2. Only Minor League contract are allowed to be signed.

3. Signing bonus pools


a. “Each Club will be assigned an aggregate Signing Bonus Pool prior to each draft. For the purpose of calculating the Signing Bonus Pools, each pick in the first 10 rounds of the draft has been assigned a value. (These values will grow each year with the rate of growth of industry revenue.) A Club’s Signing Bonus Pool equals the sum of the values of that Club’s selections in the first 10 rounds of the draft. Players selected after the 10th round do not count against a Club’s Signing Bonus Pool if they receive bonuses up to $100,000. Any amounts paid in excess of $100,000 will count against the Pool.”

b. Penalties for exceeding the Signing Bonus Pool are:
Excess of Pool Penalty - (Tax on Overage/Draft Picks)
* 0-5% - 75% tax on overage
* 5-10% - 75% tax on overage and loss of 1st round pick
* 10-15% - 100% tax on overage and loss of 1st and 2nd round picks
* 15%+ - 100% tax on overage and loss of 1st round picks in next two drafts



4. Draft picks that are forfeited will be given to other teams through a lottery. Odds are based on prior season’s winning percentage and prior season’s revenue. Only teams that don’t exceed the Signing Bonus Pools are eligible for the lottery.

5. Competitive Balance Lottery

a. For the first time, Clubs with the lowest revenues and in the smallest markets will have an opportunity to obtain additional draft picks through a lottery.

b. The ten Clubs with the lowest revenues, and the ten Clubs in the smallest markets, will be entered into a lottery for the six draft selections immediately following the completion of the first round of the draft. A Club’s odds of winning the lottery will be based on its prior season’s winning percentage.

c. The eligible Clubs that did not receive one of the six selections after the first round, and all other payee Clubs under the Revenue Sharing Plan, will be entered into a second lottery for the six picks immediately following the completion of the second round of the draft. A Club’s odds of winning the lottery will be based on its prior season’s winning percentage.

d. Picks awarded in the Competitive Balance Lottery may be assigned by a Club, subject to certain restrictions.

e. Top 200 prospects will be subject to a pre-draft drug test and will participate in a pre-draft medical program.

[Posada_20]

Time for Damon Opp and his staff to do their thing!

[just-blaze]

http://espn.go.com/blog/new-york/yan...k-dont-wait-up

"There's a huge dropoff in quality after the first 15 picks.''

Not a fan of that quote, Cash.

[bmxstreetrider86]

also, i wont be able to start a results thread and maintain it well enough, so if someone wants to start one i can always add to it

[kan_t]

http://espn.go.com/blog/new-york/yan...k-dont-wait-up



Not a fan of that quote, Cash.

I believe HBT did a study before and the study showed that the value of first round pick dropped a lot after the top 20 picks. So Cashman is not far off.

[just-blaze]

Chances Giolito falls to us?

[Posada_20]

slim to none

[Yankees1962]

Chances Giolito falls to us?

Even if he falls, he won't sign as he expects to be sign for 4-6M and the Yankees can't give him that much money. Also, there might a few that fall in the first round that are high school guys because they want to get pay and if not then they'll go to college.

[bmxstreetrider86]

Even if he falls, he won't sign as he expects to be sign for 4-6M and the Yankees can't give him that much money. Also, there might a few that fall in the first round that are high school guys because they want to get pay and if not then they'll go to college.

agreed. i honestly wouldn't be surprised if we take a guy earlier than expected and sign him below slot to try and get some more money to play around with

[just-blaze]

agreed. i honestly wouldn't be surprised if we take a guy earlier than expected and sign him below slot to try and get some more money to play around with

I was wondering about that. So, if you don't use up the whole slot in whatever round, you are allowed to use the overage towards another pick and go overslot without penalty?

[bmxstreetrider86]

I was wondering about that. So, if you don't use up the whole slot in whatever round, you are allowed to use the overage towards another pick and go overslot without penalty?

yes, the yankees have $4,192,200 dollars to spend on picks in the top 10 rounds. after that any amount over $100,000 will count against the cap. if they exceed the cap by 5% then they forfeit a 1st round pick.

if they sign a player for less than slot (our first pick is 1.6M) then they can use the difference in another player. if they fail to sign a player then they lose that amount off their total but gain a pick the next year

[just-blaze]

I believe HBT did a study before and the study showed that the value of first round pick dropped a lot after the top 20 picks. So Cashman is not far off.

I guess Im curious to what their constructs of value are in that study, because Im pretty sure Appel wouldn't be considered to have value in the top 20 a couple of years ago, but now he's a top 5 pick?

[NYDCYankee]

How many picks do the Yankees have tonight?

[bmxstreetrider86]

How many picks do the Yankees have tonight?

1 pick number 30, its the first round and supplemental round tonight. 2nd round begins tomorrow and we have 2 picks there

[THEBOSS84]

I asked this in the other thread since I didn't notice this one - how much $ can the Yankees spend after round 10?

[Snatch Catch]

I asked this in the other thread since I didn't notice this one - how much $ can the Yankees spend after round 10?

They can spend $3,000,000 without incurring any penalty, but the key is that you can't give any one player after the 10th round more than $100K without it counting towards your bonus pool.

So they could theoretically give the 30 picks from round 11 through round 40 $100K each, for a total of $3,000,000. However, they can't go over $100K on any of them.

So pretty much they can't do anything significant after the 10th without hitting the penalty.

[THEBOSS84]

Thanks

[Yankee Fan in Boston]

They can spend $3,000,000 without incurring any penalty, but the key is that you can't give any one player after the 10th round more than $100K without it counting towards your bonus pool.

So they could theoretically give the 30 picks from round 11 through round 40 $100K each, for a total of $3,000,000. However, they can't go over $100K on any of them.

So pretty much they can't do anything significant after the 10th without hitting the penalty.

In theory, if they were right on the button in signing with their bonus pool for the first 10 rounds, they could go to somewhere in the neighborhood of $300K after round 10 on one player if they were willing to pay the tax, if I am understanding this correctly. That assumes not going over on anyone else after round 10. Not a ton of money, but it's an interesting option

[Snatch Catch]

In theory, if they were right on the button in signing with their bonus pool for the first 10 rounds, they could go to somewhere in the neighborhood of $300K after round 10 on one player if they were willing to pay the tax, if I am understanding this correctly. That assumes not going over on anyone else after round 10. Not a ton of money, but it's an interesting option

Correct. They can go 5% over the bonus pool while incurring only a simple 75% tax on the overage.

Anything over 5% starts racking up the loss of 1st round picks in the future.