What happened: The 2026 draft concluded after 20 rounds, shifting clubs to the undrafted market. Agreements are expected to continue in the coming days and weeks.
Why it matters: Undrafted signings give organizations another route to add minor-league depth after allocating their draft pools. Previous signees have played their way into organizational prospect rankings.
By the numbers: Teams spent just over $402 million on bonuses for players selected in the first 20 rounds. Eleven clubs used the full 5% overage, while 23 spent at least 4% above their pools.
What to watch: Further agreements will fill out post-draft classes as clubs evaluate the remaining player pool.