mlb draft

MLB teams spent $208 million signing draft picks this year

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Jim Callis of Baseball America crunched the (preliminary) numbers and reports that MLB teams combined to spend approximately $208 million signing draft picks this year.

That’s obviously an incredible amount of money, but Callis notes that teams spent around $236 million on draft picks last year.

Part of the decrease comes from this year’s draft class being much weaker in terms of elite-level talent, but the changes in the collective bargaining agreement that provide much stricter spending limits was clearly also a driving force behind the $28 million decrease.

Interestingly, according to Callis the top seven picks cost $18 million less to sign this year than last year–eighth overall pick Mark Appel was the only first-rounder not to sign–and the rest of the 39-plus rounds worth of players cost $10 million less to sign this year than last year. So mostly the signing bonus limits cut way back on how much the elite players received and also trimmed a bit from the lesser players as well.

Cubs, Jake Arrieta to discuss contract extension in January

CHICAGO, IL - AUGUST 29: Jake Arrieta #49 of the Chicago Cubs scratches his beard as he walks back to the dugout at the end of sixth inning after giving up a three run home run to Gregory Polanco #25 of the Pittsburgh Pirates (not pictured) at Wrigley Field on August 29, 2016 in Chicago, Illinois.  (Photo by Jon Durr/Getty Images)
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Per ESPN’s Jesse Rogers, Jake Arrieta‘s agent Scott Boras says they’ll discuss a potential contract extension with the Cubs when they meet in January to hammer out arbitration figures.

Arrieta, 30, is entering his third and final year of arbitration eligibility after earning $10.7 million in 2016. The right-hander followed up his Cy Young Award-winning 2015 campaign by going 18-8 with a 3.10 ERA and a 190/76 K/BB ratio in 197 1/3 innings during the regular season. Arrieta pitched well in the postseason, helping the Cubs win their first World Series since 1908.

While Boras clients tend to go to free agency, it’s not always the case. Stephen Strasburg inked a seven-year, $175 million extension with the Nationals earlier this year.

Report: Koji Uehara close to signing with the Cubs

BOSTON, MA - OCTOBER 10:  Koji Uehara #19 of the Boston Red Sox pitches in the eighth inning against the Cleveland Indians during game three of the American League Divison Series at Fenway Park on October 10, 2016 in Boston, Massachusetts.  (Photo by Maddie Meyer/Getty Images)
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Evan Drellich of the Boston Herald reports, citing a source as well as Nikkan Sports, that reliever Koji Uehara is close to signing a one-year, $4.5 million deal with the Cubs.

Uehara, 41, finished the 2016 season with a 3.45 ERA and a 63/11 K/BB ratio over 47 innings. He missed some time in the second half with a strained right pectoral muscle. When Uehara returned from the disabled list on September 7, he tossed 11 scoreless innings with 12 strikeouts and two walks through the end of the regular season. So there’s at least some evidence, albeit in a very small sample size, that Uehara has stuff left in the tank.

The Cubs recently acquired closer Wade Davis from the Royals. Uehara would join Hector Rondon, Pedro Strop, Carl Edwards, Jr., Justin Grimm, and Mike Montgomery in what is once again a very deep bullpen.