LOS ANGELES -- The Dodgers on Friday officially announced the previously reported signings of Hunter Redman, their eighth-round catcher out of Texas Tech, and Matt Jones, their 25th-round outfielder out of Hutchison Community College in Kansas. The team has signed 30 of its 40 draft picks, including the top 11 picks. We now know the bonus amounts for everyone in the draft bonus pool.
Redman signed for a reported $30,000, per Jim Callis and Jonathan Mayo of MLB Pipeline. That amount is well under the allotted $154,500 slot amount for the No. 249 overall pick.
Hunter Redman formerly of @MidChristian/Texas Tech is signing his contract with the Dodgers. Hear from him tonight. pic.twitter.com/RJQsHvw7OB— Lucas Mayer (@LucasNewsWest9) June 25, 2014
Mommas gonna miss me pic.twitter.com/YYSUkLQUbv— Matt Jones (@who_mattjones_) June 26, 2014
Both Redman and Jones will begin their pro careers with rookie-level Ogden in the Pioneer League.
Here is a look at the Dodgers' draft bonus pool:
|Dodgers 2014 Draft Bonus Pool|
|Bonuses over $100,000 (rounds 11-40)||$0||$0||$0|
The Dodgers were well over slot with their $2.5 million bonus for first-round pick Grant Holmes, but saved money with their sixth through 10th-round picks. The end result is $100,900 over slot, which will be subject to a 75 percent tax on the overage.
Here are the penalties for going over slot:
|Excess amount||Dodgers 2014 range||Penalties|
|0-4.99%||$4,947,701 - $5,195,084||75% tax on overage|
|5-9.99%||$5,195,085 - $5,442,469||75% tax on overage
loss of first round pick
|10-14.99%||$5,442,470 - $5,689,854||100% tax on overage
loss of first and second round picks
|15%+||$5,689,855+||100% tax on overage
loss of first round picks in next two drafts
|Per collective bargaining agreement|
For now, the Dodgers' penalties amount to $75,675 (75 percent of their $100,900 overage). Any bonus amounts over $100,000 for picks after the 10th round will be subject to penalty as well. As long as the Dodgers' overage doesn't reach $247,385 (five percent over their allotted amount), they won't forfeit a draft pick.
In other words, they have an extra $146,484 in bonus money to add to the $100,000 max for their remaining unsigned draft picks before getting into the real punitive penalties.
The deadline to sign 2014 draft picks is July 18.