Thursday, June 13, 2013

Draft picks are tight-lipped about bonuses

In addition to Tony Kemp not talking about the exact amount of his signing bonus (and who can blame him?), the same can be said for 26th Round pick Austin Chrismon.

I'd rather not say how much it was. But it was definitely enough to not go back to school at this moment. Plus, (the Astros) will be covering my last three semesters of school. It really was an opportunity I couldn't pass up.

Draft picks selected after the 10th Round can sign for up to $100,000 without penalizing the team's bonus pool, but I've been curious if the "paying for school" promise applies to that $100,000 limit. Will try to find an answer soon, but it's something the Astros have promised to Tony Kemp, as well.

7 comments:

Anonymous said...

I don't think paying for school counts against the bonus pool.

When the Phillies signed Cord Sandberg for $775K + the monetary equivalent of a full scholarship to Mississippi State, it was reported that the "scholarship" money wouldn't count towards their bonus pool.

Anonymous said...

It does not apply

Anonymous said...

Yes, I have read it does not apply too. But I think that is crazy. Could they give players other things like cars, rings and free trips around the world to stay under a slot value that the value of those things would surpass or is there just an exception to paying for schooling?

Anonymous said...

No educational money can only be spent on tuition

Mike Fast said...

The club pays the college directly. Rule 3 spells out in great detail what sort of payments and favors and expenses are and are not allowed to be paid/given to players and schools.

Astros County said...

There you have it, ladies and gentlemen!

Anonymous said...

Get back to work you!