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MLB draft signing rules.

Clinton MS Eagle

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Jul 30, 2001
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Each club has until 5 p.m. ET/2 PT on Tuesday, July 25, to come to terms with its Draft selections. If a player has exhausted his collegiate eligibility, he can sign at any time up until one week prior to the next year’s Draft.

Draft-and-follow picks -- high school and junior college players selected after the 10th round who attend a two-year college after the Draft -- can sign with their selecting teams for up to $250,000 up until a week prior to the following year’s Draft.

Players drafted from Round 11 on do not count against the bonus pools unless their signing bonus exceeds $150,000; any amount over that total will count against the pool.
 
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