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If a player accepts to be drafted by a team, then the team has control of their player rights for five years as a minor league player. For the first three years of service, most MLB players are only paid the league minimum, but teams can decide to raise their salary as they deem fit.
The Major League Baseball First-Year Player Draft is held every year in June by conference call among the 30 Major League Clubs. The Clubs take turns selecting players in reverse order of their won-lost records at the close of the previous regular season. The order of selection is without regard to League.
The general draft order is the reverse order of the previous year's standings. If two teams finish with identical records, the previous year's standings of the two teams is the tiebreaker, with the team having a worse record receiving the higher pick.
Of those more than 1,200 draftees, more than 900 players will agree to terms and sign contracts to become professional baseball players. With one dream fulfilled, they will set their sights on a bigger dream becoming a major league player. And for more than 700 of those 900 pro players, that dream will go unfulfilled.
The Major League Baseball Amateur Draft, officially known as the Major League Baseball First-Year Player Draft, Rule 4 Draft, or as the MLB Draft, is held every year in June by conference call among the 30 Major League clubs. Of the four major sports drafts in North America, the MLB Draft is the least followed by fans.
Live Draft coverage from MLB Network's Studio 42 begins at 7 p.m., with Round 1 and Competitive Balance Round A (picks 1-41) broadcast on MLB Network and streamed on MLB.com. Picks 42-78 (Round 2, Competitive Balance Round B and second-round compensation picks) will be streamed on MLB.com.
These are appropriately called rookie scale contracts. Each rookie scale contract of a first-round pick is for two years with a team option for the player's third and fourth seasons followed by, if the options have been exercised and the player has not signed a long-term extension, a restricted free agent number.
Any team who acquires the player has control of his rights until his service time reaches six years, and they are also responsible for his salary.
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