Here's an explanation of Major League contracts:
- Teams can spread a player's signing bonus over a number of years if they sign him to a Major League deal.
- Players like Jacob Turner, Dustin Ackley and Stephen Strasburg, who sign Major League deals, must be placed on their teams' 40-man rosters immediately, even if they start their careers in the minors. This reduces flexibility for the player's team.
- Teams have to use options to assign players on Major League deals to the minors. While most of these players can get a fourth option, clubs risk running out of options. If a player runs out of options, he must clear waivers before his team can send him to the minors.
- Most draft picks will sign minor league contracts that cover a bonus and the first year of their minor league career.
Cardinals Extend Matt Carpenter Diamondbacks To Sign Oliver Perez Nationals Sign Mike Gonzalez Rick Ankiel To Retire Rangers Sign Joe Saunders Indians Acquire Justin Sellers, Designate David Cooper Guillermo Mota Retires Braves To Sign Yenier Bello Athletics Acquire Jake Elmore Carl Pavano Retires Yankees Extend Brett Gardner Yankees Agree To Terms With Andrew Bailey Giants Sign Tyler Colvin Orioles Sign Nelson Cruz Red Sox Sign Chris Capuano Braves Extend Andrelton Simmons Reds Extend Homer Bailey Braves Extend Frank Wren, Fredi Gonzalez Orioles Sign Ubaldo Jimenez Dempster Won't Pitch In 2014 Braves Extend Craig Kimbrel
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