a compensation round A pick if the player signs for more than $100 million or $30 million in average annual value, or a third-round pick and compensation round A pick if the player signs for more than $150 million or $40 million in average annual value. Clubs that do not receive revenue sharing but also not go over the competitive balance tax (CBT) will receive a third-round pick if the player signs for more than $55 million or $23 million in average annual value, a compensation round B pick if the player signs for more than $100 million or $30 million in average annual value, or a compensation round A pick if the player signs for more than $150 million or $40 million in average annual value. Clubs that go over the CBT will receive a third-round pick if the player signs for more than $100 million or $30 million in average annual value or a compensation round B pick if the player signs for more than $150 million or $40 million in average annual value. Other changes from 2012 The previous CBA introduced other significant changes to the draft. Bonus pool From the 2012 draft on, each team is allocated a "bonus pool" from which it can offer initial contracts to its drafted players. Each team's pool is based on its draft position and number of picks, plus the amount spent in the previous year's draft. For the 2012 draft, these pools ranged from $4.5 million to $11.5 million. If a team goes over its threshold by 5 percent or less, it must pay a "luxury tax" of 75% on the amount over the threshold. Teams that go 5 to 10 percent over must pay a 100% tax on the excess, and will lose their next first-round pick. A team that goes 15 percent over can lose its next two first-round picks, in addition to the "luxury tax". These excess picks will go to smaller-revenue teams via a yet-to-be-reported formula. Uniquely, these compensatory picks can be traded—marking the first time MLB has allowed trading of draft picks. However, all previous rules against trading of regular picks, or picks awarded as free agent compensation, remain in force. New signing rules Teams can no longer offer major league contracts to their draft choices—only minor league contracts are available. The only exception is for drafted players who have scholarships in other sports.