NEW YORK — Spending by teams in baseball’s amateur draft dropped by 11 percent in the first year of restrictions imposed by the new labor contract.

Teams allocated $207.8 million to draft picks, down from $233.6 million last year though still the second-highest annual total, according to figures compiled by Major League Baseball. The decline in the first round was even more pronounced, a 17 percent fall from $89.5 million to $74.3 million this year.

Just 10 teams exceeded their signing bonus pool, incurring a total luxury tax of $1.6 million. But no team reached the second level of the tax, which would cause a club to forfeit its next first-round draft pick.

“We think that the system performed well in its initial year,” said Rob Manfred, MLB’s executive vice president of economics and league affairs. “It accomplished the goal, in our view, which was to allow the weakest teams with the best opportunities to get the best talent.”

Stanford pitcher Mark Appel was the chief casualty. Projected to be the top pick, he was taken by Pittsburgh with the eighth selection and declined a $4.8 million offer. Appel will stay at Stanford for his senior year and be eligible for next year’s draft.