2014 MLB Draft: Hunter Redman signs for reported $30k, Dodgers 2% over allotted bonus pool

Hunter Redman signed his first professional contract on Wednesday. - Texas Tech Baseball

The Dodgers have signed 30 of their 40 draft picks, including the top 11 and 17 of the top 18 picks.

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.

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
Round Pick Name Pos Bonus Slot amount Overage
1 22 Grant Holmes RHP $2,500,000 $1,980,500 $519,500
2 62 Alex Verdugo OF $914,600 $914,600 $0
3 98 John Richy RHP $534,400 $534,400 $0
4 129 Jeff Brigham RHP $396,300 $396,300 $0
5 159 Jared Walker 3B $296,700 $296,700 $0
6 189 Brock Stewart RHP $190,000 $222,200 ($32,200)
7 219 Trevor Oaks RHP $161,600 $166,600 ($5,000)
8 249 Hunter Redman C $30,000 $154,500 ($124,500)
9 279 Matt Campbell RHP $20,000 $144,300 ($124,300)
10 309 Colin Hering OF $5,000 $137,600 ($132,600)
Bonuses over $100,000 (rounds 11-40) $0 $0 $0
Totals $5,048,600 $4,947,700 +$100,900 (+2.04%)

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.

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