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Tuesday, November 01, 2011
Are slot bonuses like the speed limits on banks: warning only?
While the white speed limit signs are “regulatory”, the yellow speed limit signs are “warning”. That is, if you go faster than the warning speed limit, you won’t get pulled over. (At least, that’s how I think it works.)
It seems that Selig’s slot limits act the same way:
How much money each team spent in the first 10 rounds of the 2011 draft, and how that compares to its estimated slot allowance in those rounds from the commissioner’s office:
Team Picks Signed Bonus Total Slot Total Slot Spent
Pirates 10 10 $16,445,700 $6,134,200 268%
Royals 10 9 $11,405,000 $4,579,500 249%
Nationals 11 11 $14,551,100 $6,005,100 242%
Basically, teams are paying 2.5 times the slot “recommendations”.
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