In part one, I took a deep look into what happens when an amateur player declines to sign a contract after being drafted. Essentially breaking down what their chances are of being drafted again and how it will effect their draft stock on a generic level. What wasn’t discussed was money. Money is almost certainly the reasoning behind those results, particularly where players drafted after round twenty are much less likely to sign than those in the first twenty. This time around, we’ll look at the actual cost and what the player stands to gain, by holding out.

Five Bulldogs came off the board in this year's event. The 2021 MLB Draft is in the books, with rounds 11-20 completed on Tuesday afternoon. Coming off of a successful season capped off with a. The slot value is important, but it is not nearly as important as the total number. With two extra picks and not signing any free agents that would lose them a draft pick i.e. Signing Jhonny Peralta (no compensation) instead of Stephen Drew (loss of draft pick compensation), the Cardinals' pool of money ranks 12th out of all teams despite picking last in every round.

2015 Major League Baseball Draft Slot Money

Range	Average
Top 5	$6,295,100
5 – 10	$3,506,560
11 – 20	$2,644,910
21 – 42	$1,851,100
Rd 2	$1,064,539
Rd 3	$652,847
Rd 4	$469,550
Rd 5	$351,583
Rd 6	$263,250
Rd 7	$197,960
Rd 8	$171,363
Rd 9	$160,023
Rd 10	$150,860

Until recently, there was no real limit on how much draft picks would be paid, but with the new slot value system, we have an idea how much the class of 2015 is set to make. The list to the right shows the average signing bonus allotted for each grouping and it is easy to see the difference between being picked number five ($4.2M) and number 17 ($2.4M). It is understandable how a high school senior or a college junior could see that difference nearly two million dollars just 12 spots apart and get greedy.

2015 Major League Baseball Draft Slot Money 2020

In addition to this, high draft picks, particularly those who have at least some college experience, are often started off in a higher level of minor league ball and moved faster through the system. At the same time, lower picks can be used as roster filler on low level teams and often have to prove themselves much more than the high picks do. From the team’s point of view, if they were a top prospect, they would have went higher in the draft, so any success could be attributed to playing against weak competition or luck. With up to 40 new players coming in at a single time, joining for what for most teams is seven already full minor league rosters, priorities have to be made and late round draft picks are often forgotten. This can be especially true the second or third year after these picks where these players will be released to make new for the latest draft. Not only did they not break the bank with a big singing bonus, but now they could be out of a job as well.

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2015 Major League Baseball Draft Slot Money 2018

Level	Monthly Salary
SS	$1,150
Low A	$1,300
High A	$1,500
AA	$1,700
AAA	$2,150
40 Man	$40,750

2015 Major League Baseball Draft Slot Money

Speaking of that job, it isn’t all that high paying of one. Most draft picks will be paid the league minimum for a rookie, short season or at best low A ball team (monthly salaries listed to right) and that number is nowhere near what we are used to on the Major League level. In fact, it isn’t until a player is put on the MLB 40 man roster that they will break $10,000 a month. Assuming a college player would be able to work a full time job at $10 an hour (about $1,600 a month), he would be better off financially doing so until he hits the AA level and the vast majority of draft picks never hit the AA level. While minor league ball should be a lot more fun than that $10 an hour job, it requires a lot more than 40 hours a week during the regular season and a ton of effort to move up at all.

2015 Major League Baseball Draft Slot Money Chart

For example, of the 1,209 players signed from the 2010 draft (chosen because five years is long enough to generally know which players are going to be great and which aren’t) 296 haven’t made it above rookie ball, the vast majority of which are no longer in professional baseball at all. Another 498 have topped out below AA