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The Blue Jays came very close to exceeding their bonus allotment for amateur draft picks.

Under the terms of the new CBA, teams that exceed their annual allotment for amateur draft picks signing bonuses by more than five percent forfeit their first-round pick for the following year. That's a pretty harsh penalty. Up to five percent, though, they simply pay a 75 percent tax on the overage. That might come to a few hundred thousand dollars, which isn't insignificant, but it's nothing compared to the expected value of a first-round pick. So, to recap: going over by less than five percent: potentially costly. Going over by more than five percent: potentially really​ costly.

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Our first look inside the new Collective Bargaining Agreement.

This is Part 1 of a multi-part series on the latest Collective Bargaining Agreement

On November 22 of last year, Major League Baseball and the MLBPA did something that the NFL and the NBA could not: reached a new labor agreement without a work stoppage. For those that follow baseball’s labor history, it has become a miraculous run. By the time the current five-year Basic Agreement (read here) expires on December 1, 2016, it will have been 21 years of uninterrupted labor peace.

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Now that we've had some time to reflect on the new CBA's rules about the amateur draft, does it still seem like death to small-market teams?

Believe it or not, most of our writers didn't enter the world sporting an @baseballprospectus.com address; with a few exceptions, they started out somewhere else. In an effort to up your reading pleasure while tipping our caps to some of the most illuminating work being done elsewhere on the internet, we'll be yielding the stage once a week to the best and brightest baseball writers, researchers and thinkers from outside of the BP umbrella. If you'd like to nominate a guest contributor (including yourself), please drop us a line.

Dustin Palmateer once played division III junior college baseball, finishing with a career batting average below the Mendoza Line. He now writes about the game. You can reach him via email.

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