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Reply to "Slot money"

Slot money = Bonus Money. The commissioner’s office tells MLB Teams how much they can spend on their draft picks round by round. If a player signs for "Slot Money" that means that the player is willing to or has signed for that dollar amount. Some high profile players may sign for "Over Slot" and the team will ignore the commissioner’s guidelines in order to get that particular player to sign. I believe that the MLB Commissioners Office needs to approve out of slot bonuses.
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