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Why the draft rules are terrible

I know that in theory it seems fair to cap draft spending so big market teams can't outspend small market teams for amateur talent. But this system is anything but beneficial to small market teams. If the Yankees, Red Sox, and, yes, the Cubs have more money to spend in the draft than the Rays, Indians, and Reds, the system is broken. I think baseball is in a good place and there is a lot of parity at the moment, but I'm afraid that parity was largely built with the old rules.

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