AP NewsBreak: Spending drops 11 pct in MLB draft

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NEW YORK (AP) — Spending by teams in baseball's amateur draft dropped by 11 percent in the first year of restrictions imposed under the new labor contract.

Teams allocated $207.7 million to draft picks, down from $233.6 million last year, according to figures compiled by Major League Baseball. That's still the second-highest annual total.

Under the latest labor deal, two aims were to slow spending on prospects through the draft and to get picks to sign sooner.

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