MLB Draft 2023: How much bonus money does each team get?

The 2023 MLB Draft takes place on Sunday, July 9 at 7:00 p.m. ET live from Seattle, Wash. Here’s how much bonus money each team will receive this year.

The first half of the 2023 MLB season is set to reach its conclusion, as it is officially All-Star weekend. This year, MLB will head to Seattle, Wash. for the first time since 2001, as the Mariners play host to the Midsummer Classic. But the weekend won’t be entirely focused on the All-Star Game, as the league has made it into one giant weekend for all of baseball.

One of the main attractions for the big weekend is the MLB Draft, as all 30 teams look to select some of the top high school and college prospects, in hopes of them becoming their next superstar. This year, the top prospects are LSU outfielder Dylan Crews, Florida outfielder Wyatt Langford, and LSU right-handed pitcher Paul Skenes. The team who will have their choice at the beginning of the draft is none other than the Pittsburgh Pirates, who won the very first MLB Draft Lottery at the Winter Meetings last December.

With the MLB Draft, teams have a set amount of bonus pool money they can spend to sign their selections. For those curious about how much bonus pool money each team will receive, we have you covered.

MLB Draft 2023: How much bonus money does each team get?

For those who are unaware of how bonus money works in the draft, MLB.com’s Jim Callis explains in an article:

"“Each selection in the first 10 rounds comes with an assigned value, with the total for a club’s picks equaling what it can spend in those rounds without incurring a penalty,” writes Callis. “If a player taken in the top 10 rounds doesn’t sign, his choice’s value gets subtracted from his team’s pool. Clubs near the top of the Draft often spend less than the assigned value for those choices and use the savings to offer more money to later selections."

Now, let’s take a look at the bonus pool money allotted for all 30 MLB teams.

1. Pirates — $16,185,700
2. Tigers: $15,747,200
3. Nationals: $14,502,400
4. Twins: $14,345,600
5. Athletics: $14,255,600
6. Reds: $13,785,200
7. Mariners: $13,170,900
8. Marlins: $12,829,600
9. Royals: $12,313,500
10. Rockies: $11,909,800
11. Diamondbacks: $11,084,300
12. Brewers: $10,950,600
13. Rays: $10,872,100
14. Orioles: $10,534,800
15. Red Sox: $10,295,100
16. Rangers: $9,925,300
17. Giants: $9,916,900
18. White Sox: $9,072,800
19. Cubs: $8,962,000
20. Guardians: $8,736,700
21. Mets: $8,440,400
22. Braves: $8,341,700
23. Angels: $8,328,900
24. Dodgers: $7,274,600
25. Astros: $6,747,900
26. Blue Jays: $6,529,700
27. Cardinals: $6,375,100
28. Padres: $5,416,000
29. Yankees: $5,299,400
30. Phillies: $5,185,500

According to Baseball America, there has been an increase in slot values by 9.88 percent as compared to last year’s draft. Specifically, the first overall pick in 2023 is valued at $9,721,000, as opposed to the No. 1 pick last year, which was valued at $8,846,900.

Given that they have the first overall pick, the Pirates will have the most money to spend out of any team in the draft with $16,185,700. As for the team with the least amount of bonus pool money to spend, that is the Philadelphia Phillies with $5,185,500.

The 2023 MLB Draft will air on Sunday, July 9 through Tuesday, July 11. Round 1, Competitive Balance Round A, Round 2, and Competitive Balance Round B will air on July 9, beginning at 7:00 p.m. ET, and air live on MLB Network and ESPN. Rounds 3-10 will begin at 2:00 p.m. ET on July 10 and air on MLB.com. Rounds 11-20 will air on July 11 at 2:00 p.m. ET on MLB.com.