Vermont Weather (2851 replies) Latest news from Albany, VT collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: English (35.7%), French (19.0%), German (11.0%), French Canadian (7.1%), Italian (7.1%), Scottish (7.1%). Current Local Time: EST time zone. Incorporated in 1915.
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Teams may no longer sign newly drafted players to a major league contract right away. Over 80 percent of players drafted in the first round make it to the major leagues. After that, the odds are less than 50 percent. Players selected in the draft will receive a signing bonus. For most players, this is the only significant amount of compensation that they will receive for a few years, so the signing bonus is very important to drafted players.