New York — 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. The person spoke Friday on condition of anonymity because no decision was announced.