296 days on draft day. Since the inception of the draft, the youngest player ever drafted in an early round is Alfredo Escalera. Escalera was drafted by the Kansas City Royals in the eighth round of the 2012 draft at 17 years and 114 days. Jazayerli's study does not clearly demonstrate the influence of the player's age when drafted in a late round. Economic impact Initially, the draft succeeded in reducing the value of signing bonuses. In 1964, a year before the first draft, University of Wisconsin outfielder Rick Reichardt was given a record bonus of $200,000 ( $1,798,722 today) by the Los Angeles Angels. Without competition from other clubs, the Athletics were able to sign Rick Monday for a bonus of only $104,000. It would take until 1979 for a drafted player to receive a bonus higher than Reichardt's. Player salaries continued to escalate through the 1980s. In 1986, Bo Jackson became the first draftee to sign a total contract (signing bonus and salary) worth over $1 million ($ today). Jackson, a Heisman Trophy-winning football player for Auburn University, was also the first overall choice in the National Football League draft, and was offered a $7 million ($ today) contract to play football for the Tampa Bay Buccaneers. High school players possessed additional leverage, as they had the option of attending college and re-entering the draft the next year. Agent Scott Boras routinely exploited this advantage to increase the contracts of his clients. In 1990, Boras client Todd Van Poppel signed a $1.2 million ($ today) contract with Oakland Athletics, after committing to play for the University of Texas. The following year, Boras negotiated a $1.55 million ($ today) contract for Yankees first round pick Brien Taylor, who had said he would attend junior college if he did not receive a contract equal to Van Poppel's. By June 2009, a figure as high as $15 million was floated for collegian pitcher Stephen Strasburg. Increasingly, teams drafted based on whether or not a player was likely to sign for a particular amount of money, rather than on his talent. This became known as a "signability pick". Before the 1992 draft, team owners unilaterally decided to extend the period of time a team retained negotiating rights to a player from one year to five. In effect, the rule prohibited a high school draftee from attending college and re-entering the draft after