Showing posts with label Leverage. Show all posts
Showing posts with label Leverage. Show all posts
Tuesday, February 8, 2011
MiLB LIFE: Being a Senior Sign
Getting drafted is a day you never forget. It's the moment when your childhood dream seems most tangible - it marks the beginning of your professional career and welcomes you into the company of baseball's elite. I remember thinking back on all the memorable games I had played over almost twenty years on the diamond - all the uniforms I'd worn, the friends I'd made. Baseball had been the mainstay of my Springs and Summers for as long as I could remember, and luckily the upcoming Summer would be no different.
That day changed my life in a lot of ways - but not financially. Afterall, I was a senior.
The experience of getting selected in the MLB Draft is drastically different for seniors than it is for juniors - or even High School seniors, for that matter. The reason? Leverage.
If you're listening to a discussion on a certain prospect's draft stock or potential signing bonus, you will hear the word Leverage at least 47 times per square hour (*calculations estimated).
Leverage is a junior draftee's best friend - it's the money maker. When negotiating a signing bonus, the organization must throw enough money at a junior to make it worth his while to leave school - forgoing his senior season, not to mention a college degree - and sign a professional contract.
The negotiation process can take weeks, even months if either side is stubborn, but rarely do you see a top junior prospect go unsigned. Leverage can only go so far - as insulted as he may be by the team's offer, he knows it's likely far more than he'll get the following year as a senior.
Labels:
Bargain,
Baseball,
Draft Year,
draftee,
Leverage,
MiLB,
MLB Draft,
Senior sign
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