MLB Draft slot values: Here's how much money each pick is worth in 2024

Edward Sutelan

MLB Draft slot values: Here's how much money each pick is worth in 2024 image

In most drafts, teams only have to decide which prospects they like the most and how they fit in with the team. Baseball teams have to consider that, as well as the amount of money they have available.

The most complicated aspect of the MLB Draft is the bonus pool system. The signing bonuses are how teams convince players to sign with them rather than go to or return to college. Teams are allotted only a certain amount of money to spend on the players they select in the draft without incurring penalties.

Every pick in the first 10 rounds of the draft has a slot value that is pre-determined by MLB in order to develop a team's bonus pool. Teams do not have to adhere to the exact amount of a slot value, and often, the goal is to spend either more or less depending on the intentions of the player drafted.

Some teams will draft a player above where that player is expected to be selected and sign him to a bonus that might be under the original pick value but above that player's expectations. That could then allow that team to spend more on a later pick where a player might desire a larger bonus to turn down going to college.

All of that is why throughout the three-day MLB Draft, there will be plenty of strategizing going on as teams navigate their bonus pools to maximize value in the draft.

Here's what you need to know about the value of 2024 MLB Draft picks.

What are MLB Draft slot values?

Baseball teams have only a certain amount of money they can spend on signing bonuses to convince players to sign with the teams that draft them. That is called their bonus pool.

Teams can spend up to their allotted bonus pools on prospects. There are certain dollar amounts that are assigned to each pick. Teams can go over or under the slot value for draft picks, and there is often plenty of strategizing that goes into the decision making. For example, teams will often try to save bonus pool money early and give larger bonuses later in the draft to high-school prospects who might otherwise go to college.

Occasionally, teams will spend more than their bonus pool, which can result in penalties. Teams that spend 0-5 percent over their pool will face a 75-percent tax on the amount overspent. Teams can lose a first-round pick and incur a 75-percent overage tax by spending 5-10 percent over the pool. Additionally, teams can lose a first- and second-round pick and incur a 100-percent overage tax by spending 10-15 percent over the pool. Finally, teams can lose two first-round picks and incur a 100-percent tax for anything over 15 percent.

MLB Draft bonus pools

The Guardians have the largest bonus pool of any team in the 2024 draft at just over $18 million. The Astros, who have the smallest bonus pool, have just under $6 million to spend across their picks.

TeamBonus pools
Guardians$18,334,000
Rockies$17,243,400
Reds$15,842,100
Royals$15,418,300
Athletics$15,347,900
White Sox$14,593,300
Pirates$14,000,500
Angels$12,990,400
Brewers$12,984,400
Diamondbacks$12,662,000
Twins$12,209,600
Tigers$11,921,800
Nationals$11,500,100
Orioles$10,920,900
Red Sox$10,521,600
Marlins$10,438,500
Cardinals$10,213,000
Rays$10,093,100
Cubs$9,802,300
Mets$9,572,200
Mariners$9,543,300
Padres$9,360,500
Blue Jays$8,987,000
Yankees$8,134,500
Braves$7,765,000
Giants$7,566,200
Phillies$7,381,800
Rangers$6,997,900
Dodgers$6,114,700
Astros$5,914,700

MLB Draft slot values

Slot values are courtesy of MLB.com.

Round 1

PickTeamValue
1Guardians$10,570,600
2Reds$9,785,000
3Rockies$9,070,800
4Athletics$8,370,800
5White Sox$7,763,700
6Royals$7,213,800
7Cardinals$6,823,700
8Angels$6,502,800
9Pirates$6,216,600
10Nationals$5,953,800
11Tigers$5,712,100
12Red Sox$5,484,600
13Giants$5,272,300
14Cubs$5,070,700
15Mariners$4,880,900
16Marlins$4,704,700
17Brewers$4,534,100
18Rays$4,372,900
19Mets$4,219,200
20Blue Jays$4,073,400
21Twins$3,934,400
22Orioles$3,802,200
23Dodgers$3,676,400
24Braves$3,556,300
25Padres$3,442,100
26Yankees$3,332,900
27Phillies$3,228,300
28Astros$3,132,500
29Diamondbacks$3,045,500
30Rangers$2,971,300

Prospect promotion incentive picks

PickTeamValue
31Diamondbacks$2,904,000
32Orioles$2,835,400

Compensation picks

PickTeamValue
33Twins$2,766,100

Competitive Balance Round A

PickTeamValue
34Brewers$2,698,300
35Diamondbacks$2,632,500
36Guardians$2,569,200
37Pirates$2,511,400
38Rockies$2,452,200
39Royals$2,395,000

Round 2

PickTeamValue
40Athletics$2,332,100
41Royals$2,278,000
42Rockies$2,224,700
43White Sox$2,172,800
44Nationals$2,122,200
45Angels$2,072,800
46Mets$2,031,700
47Pirates$1,984,800
48Guardians$1,938,800
49Tigers$1,893,700
50Red Sox$1,846,400
51Reds$1,804,900
52Padres$1,762,500
53Yankees$1,721,200
54Cubs$1,681,200
55Mariners$1,641,800
56Marlins$1,603,400
57Brewers$1,562,100
58Rays$1,525,200
59Blue Jays$1,489,000
60Twins$1,453,700
61Orioles$1,418,900
62Braves$1,385,000
63Phillies$1,352,000
64Diamondbacks$1,319,200
65Rangers$1,287,600

Competitive Balance Round B

PickTeamValue
66Rays$1,260,200
67Brewers$1,226,800
68White Sox$1,197,200
69Twins$1,168,000
70Marlins$1,139,100
71Reds$1,110,600
72Tigers$1,093,600
73Athletics$1,076,900

Compensation picks

PickTeamValue
74Angels$1,060,300

Round 3

PickTeamValue
75Athletics$1,043,900
76Royals$1,027,700
77Rockies$1,011,900
78White Sox$996,100
79Nationals$980,300
80Cardinals$964,500
81Angels$948,600
82Mets$934,800
83Pirates$920,800
84Guardians$906,800
85Tigers$892,600
86Red Sox$878,800
87Reds$865,800
88Padres$852,300
89Yankees$838,900
90Cubs$826,000
91Mariners$812,900
92Marlins$800,800
93Brewers$788,700
94Rays$776,500
95Blue Jays$767,200
96Twins$759,700
97Orioles$752,500
98Dodgers$745,000
99Braves$737,800
100Phillies$730,500
101Astros$724,800
102Diamondbacks$717,700
103Rangers$710,400

Round 4

PickTeamValue
104Athletics$703,400
105Royals$696,300
106Rockies$689,600
107White Sox$682,800
108Nationals$676,000
109Cardinals$669,300
110Angels$662,900
111Mets$656,400
112Pirates$649,700
113Guardians$643,500
114Tigers$637,200
115Red Sox$630,900
116Giants$624,800
117Reds$618,800
118Padres$612,900
119Yankees$606,700
120Cubs$600,800
121Mariners$594,900
122Marlins$589,000
123Brewers$583,400
124Rays$577,700
125Blue Jays$572,200
126Twins$567,400
127Orioles$562,000
128Dodgers$556,300
129Braves$551,100
130Phillies$545,400
131Astros$541,100
132Diamondbacks$535,800
133Rangers$530,400

Compensation picks

PickTeamValue
134Padres$525,200
135Padres$520,000
136Blue Jays$515,100

Round 5

PickTeamValue
137Athletics$510,000
138Royals$505,000
139Rockies$500,000
140White Sox$495,400
141Nationals$490,500
142Cardinals$485,700
143Angels$480,800
144Mets$476,200
145Pirates$471,400
146Guardians$466,900
147Tigers$462,300
148Red Sox$457,900
149Giants$453,300
150Reds$448,700
151Padres$444,200
152Yankees$440,100
153Cubs$435,600
154Mariners$431,400
155Marlins$427,000
156Brewers$422,900
157Rays$418,600
158Blue Jays$414,600
159Twins$411,000
160Orioles$407,100
161Braves$403,400
162Phillies$399,600
163Astros$396,200
164Diamondbacks$392,300
165Rangers$388,700

Round 6

PickTeamValue
166Athletics$385,500
167Royals$382,100
168Rockies$378,900
169White Sox$375,700
170Nationals$372,300
171Cardinals$369,100
172Angels$366,100
173Mets$363,100
174Pirates$359,900
175Guardians$357,000
176Tigers$354,100
177Red Sox$351,100
178Giants$348,200
179Reds$345,100
180Padres$342,300
181Yankees$339,600
182Cubs$337,000
183Mariners$334,200
184Marlins$331,300
185Brewers$328,700
186Rays$326,000
187Blue Jays$323,400
188Twins$320,800
189Orioles$318,300
190Dodgers$315,500
191Braves$312,800
192Phillies$310,300
193Astros$307,600
194Diamondbacks$305,200
195Rangers$302,700

Round 7

PickTeamValue
196Athletics$300,200
197Royals$297,700
198Rockies$295,300
199White Sox$292,700
200Nationals$290,300
201Cardinals$288,700
202Angels$286,200
203Mets$283,800
204Pirates$281,500
205Guardians$279,100
206Tigers$276,700
207Red Sox$274,600
208Giants$272,200
209Reds$270,000
210Padres$268,000
211Yankees$265,800
212Cubs$263,600
213Mariners$261,600
214Marlins$259,600
215Brewers$257,400
216Rays$255,500
217Blue Jays$253,300
218Twins$251,500
219Orioles$249,400
220Dodgers$247,900
221Braves$245,900
222Phillies$244,300
223Astros$242,400
224Diamondbacks$240,600
225Rangers$238,900

Round 8

PickTeamValue
226Athletics$237,400
227Royals$235,900
228Rockies$234,200
229White Sox$232,200
230Nationals$230,900
231Cardinals$229,000
232Angels$227,700
233Mets$226,000
234Pirates$224,500
235Guardians$222,800
236Tigers$221,400
237Red Sox$219,900
238Giants$218,600
239Reds$217,400
240Padres$216,200
241Yankees$215,100
242Cubs$213,900
243Mariners$212,900
244Marlins$211,600
245Brewers$210,700
246Rays$209,800
247Blue Jays$208,700
248Twins$207,800
249Orioles$206,900
250Dodgers$205,800
251Braves$205,300
252Phillies$204,400
253Astros$203,500
254Diamondbacks$202,800
255Rangers$202,000

Round 9

PickTeamValue
256Athletics$201,300
257Royals$200,600
258Rockies$200,000
259White Sox$199,200
260Nationals$198,600
261Cardinals$198,000
262Angels$197,500
263Mets$196,700
264Pirates$196,100
265Guardians$195,700
266Tigers$195,100
267Red Sox$194,600
268Giants$194,200
269Reds$193,600
270Padres$193,000
271Yankees$192,600
272Cubs$192,100
273Mariners$191,600
274Marlins$191,300
275Brewers$190,900
276Rays$190,400
277Blue Jays$190,100
278Twins$189,500
279Orioles$189,000
280Dodgers$188,800
281Braves$188,600
282Phillies$188,200
283Astros$187,800
284Diamondbacks$187,600
285Rangers$187,100

Round 10

PickTeamValue
286Athletics$186,400
287Royals$186,200
288Rockies$185,800
289White Sox$185,500
290Nationals$185,200
291Cardinals$185,000
292Angels$184,700
293Mets$184,300
294Pirates$183,800
295Guardians$183,600
296Tigers$183,000
297Red Sox$182,800
298Giants$182,600
299Reds$182,200
300Padres$181,800
301Yankees$181,600
302Cubs$181,400
303Mariners$181,100
304Marlins$180,700
305Brewers$180,400
306Rays$180,300
307Blue Jays$180,000
308Twins$179,700
309Orioles$179,200
310Dodgers$179,000
311Braves$178,800
312Phillies$178,800
313Astros$178,800
314Diamondbacks$178,800
315Rangers$178,800

Edward Sutelan

Edward Sutelan Photo

Edward Sutelan joined The Sporting News in 2021 after covering high school sports for PennLive. Edward graduated from The Ohio State University in 2019, where he gained experience covering the baseball, football and basketball teams. Edward also spent time working for The Columbus Dispatch and Cape Cod Times.