AP source: MLB to cut amateur draft from 40 rounds to 5

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Major League Baseball will cut its amateur draft from 40 rounds to five this year, a move that figures to save teams about $30 million. Clubs gained the ability to reduce the draft as part of their March 26 agreement with the players' association and MLB plans to finalize a decision next week to go with the minimum, a person familiar with the decision told The Associated Press. There will be just 160 players drafted, by far the fewest since the annual selection started in 1965, and the combined value of their signing bonus pools is $235,906,800.

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