Baseball’s 50th amateur draft is underway! As far as organized baseball is concerned, the draft is actually a fairly recent innovation — baseball had been played professionally for roughly a century before 1965, when the league began allowing clubs to “draft” eligible players rather than simply sign them as free agents out of schoolyards and cornfields. The draft allowed those teams to save money, because it greatly reduces competition for players and thereby reduces the potential price to sign them: Once a player is drafted, there is only one team competing to sign him to a contract, rather than 30 teams.
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