The 2020 MLB draft has some major changes this year.

The MLB draft has gone from 40 rounds to five and teams will only be allowed to offer a maximum signing bonus of $20,000 per player.

The sports world has taken a hit from the coronavirus pandemic and it's forced Major League Baseball and it's clubs to make a number or agonizing cuts to save costs.

The MLB draft has gone from 40 rounds to five and although clubs will be able to pursue and sign an unlimited number of undrafted prospects it comes with a kicker.

Teams will only be allowed to offer a maximum signing bonus of $20,000 per player. For high school athletes and underclassmen in college that's a big decision to make.

Kaitlin O'Toole is joined by Inside the Rangers reporter Chris Halicke for insight on what some Rangers players are saying about the $20,000 maximum bonus.

Read Full Transcript Below:

Kaitlin O'Toole: This sports world has taken a hit from the coronavirus pandemic, and it's forced Major League Baseball and its clubs to make a number of cuts to save costs. The draft has gone from forty rounds to five. And although clubs will be able to pursue and sign up an unlimited number of draft prospects, it comes with a cost. Joining me now from inside the Rangers is Chris Halicke. Chris teams will only be allowed to offer a maximum signing bonus of twenty thousand dollars per player for high school athletes and underclassman. I mean, that's a big decision to make. I know you spoke with a few players from the Rangers. What was their take on this?

Chris Halicke: I spoke with Jose Trevino, who's been in the Rangers organization for several years now, and he specifically spoke to twenty thousand dollars and how it just doesn't go that far in the minor leagues. There's rent, there's clubhouse dues. There's just a number of expenditures that that twenty thousand dollars is going to go go away really, really quickly. And so, you know, when you're looking at that small amount of money and a lot of these high school players and possibly underclassman, you'll have college scholarships, it's probably a safer bet for them to continue on that road to go to college. And Jose Trevino also really, really stressed college education, being able to have something to fall back on in case things don't pan out with baseball because there's a lot of players that go through the minor leagues that never end up making it to the majors.

Kaitlin O'Toole: Right. So how what can the MLB do though incentivize players to come and play for only this twenty thousand dollar maximum cap?

Chris Halicke: Well, a lot of big-league clubs will look at it as like, OK, this is your foot in the door now. Who knows what the situation is going to be throughout the rest of the year or even next year? You know, we're still in the middle of the coronavirus pandemic. And big-league clubs can be like this is your chance to play professional baseball now. Taylor Hearn, another Rangers player who's been in the system for a while, he says that this kind of looks you know, he kind of looks at it as like this is an investment. If you're going to invest only 20 thousand dollars into what you're doing right now, then you need to be really, really good in the short term so that teams continue to invest money in you. Because, again, this is a situation where we don't know what's going to happen for the rest of this year or next year. We do know that this is going to be very damaging to the game of baseball, possibly both the short term and the long term.

Kaitlin O'Toole: All right. Yeah, using it somewhat as motivation, it's a hard decision to make, but really appreciate your insight on this. Thank you, Chris.