Baseball Junk
The draft was the biggest bargain in the sport, and MLB, through some bizarre obsession with cutting bonuses (led by Chicago White Sox owner Jerry Reinsdorf, perhaps the cheapest owner in the game when it comes to the draft), didn’t realize it. The only possible effect here is to limit the pool of talent entering the sport. If anything, MLB should have looked to raise draft bonuses to attract more athletes. It’s a huge disappointment to any fan of the game, and I know many executives who are unhappy with these changes.