Now that the 2021 First-Year Player Draft is in the books, the signing period is upon us. This year's signing deadline is 5:00 pm ET on August 1, 2021. As most of our readers know, each team's spending on draft pick bonuses is capped. The bonus cap is determined by the number and placement of each team's selections.
The bonus cap sets an aggregate limit for a team to spend on its selections in the first ten rounds, and also limits teams from spending over $125,000 on players taken after the 10th round (the excess on any late-round bonuses will count against the bonus pool). Boston's cap is $11,359,600 this year. If the club exceeds its pool: (1) by 0-5%, it will be charged a 75% tax on the excess; (2) by 5-10%, it will pay the same tax and will also lose its first-round pick next season; (3) by 10-15%, it will be charged a 100% tax on the excess and lose its first- and second-round picks next season; and (4) by more than 15%, 100% tax on the excess and lose its next two first-round picks.
These are obviously harsh penalties, making it highly unlikely that the Red Sox will go more than 5% over the pool limit in any year. However, the team has shown that it is willing to pay the requisite tax and go up to 5% over the cap, which would place the team's spending limit (not counting the first $125,000 given to any pick after the 10th round) at about $11,927,580. One other wrinkle to remember is that if Boston fails to sign any of its picks from the first 10 rounds, the team's pool will be reduced by the slot amount for the unsigned player's draft position. Here are the bonus slots for each of Boston's top picks:
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