Everything you need to know about the 2019 MLB Draft

How to watch

Day 1: Rounds 1-2 beginning June 3 at 7 p.m. ET on MLB Network
Day 2: Continues on June 4 at 1 p.m. ET on MLB.com (Rounds 3-10)
Day 3: Continues on June 5 at 12 p.m. ET on MLB.com (Rounds 11-40)

The 2019 MLB draft will kick off with the Baltimore Orioles on the clock. The overwhelming favorite to go first overall is Oregon State's Adley Rutschman. The switch-hitting catcher has been an absolute phenom since last year, earning Most Outstanding Player honors at the 2018 College World Series.

This is the Orioles' first draft under new general manager Mike Elias, who helped lead the Astros through their rebuild and was famous for cutting deals and drafting under slot during his tenure in Houston.

While Rutschman is in a class by himself, there's some conjecture that Elias could go the under slot route with the Orioles too, opting to take prep shortstop Bobby Witt Jr. or Cal first baseman Andrew Vaughn to save bonus pool money for later-round selections.

By the end of Day 1, 78 players will have been selected over two rounds, a pair of Competitive Balance rounds, and a trio of compensation picks.

Every team owns a first-round selection except the Boston Red Sox, as their first pick won't come until No. 43 due to a penalty for exceeding the luxury tax threshold. Meanwhile, the Diamondbacks will wind up with seven new prospects by the end of Monday night.

Legacy picks

The most notable big-league relative beyond Witt in this draft is Matthew Lugo, the nephew of Carlos Beltran. The 18-year-old shortstop should hear his name called during the first day, and possibly midway through the opening round.

Braden Halladay and Quinn Hoffman, sons of Hall of Fame pitchers Roy Halladay and Trevor Hoffman, are also draft eligible.

JC Correa (brother of Carlos Correa), Glenallen Hill Jr. (son of Glenallen Hill), Trei Cruz (son of Jose Cruz Jr.), Bo Weiss (son of Walt Weiss), Dante Baldelli (brother of Twins manager Rocco Baldelli), and Jonah Dipoto (son of Mariners general manager Jerry Dipoto) should all also be selected.

Draft order

First Round

* - The Braves, Diamondbacks, and Dodgers all receive compensation picks for failing to sign their 2018 first-round selections (Carter Stewart, Matt McLain, and J.T. Ginn, respectively)

Compensation picks

The Diamondbacks receive a pair of compensation picks at the end of the first round for losing Patrick Corbin and A.J. Pollock during free agency. After tendering the pair of pending free agents one-year qualifying offers worth $17.9 million, Corbin and Pollock opted to sign with the Nationals and Dodgers, respectively.

Competitive Balance Round A

* - The Pirates get a compensation pick for failing to sign 2018 supplemental first-rounder Gunnar Hoglund

Major League Baseball is somewhat infamous for not allowing teams to trade draft picks. However, an exception is made for competitive balance picks, which are awarded to teams that rank among the bottom third in revenue.

Two trades this past offseason resulted in the 38th and 40th picks changing hands. First, the Yankees acquired No. 38 from the Reds as part of the deal that shipped right-hander Sonny Gray to Cincinnati. Next, the Rays received No. 40 along with reliever Emilio Pagan from the Athletics in a three-team deal that sent three minor-league pitchers to the Rangers.

Second Round

* - The Red Sox first pick dropped 10 places from No. 33 as a penalty for exceeding the luxury tax threshold by more than $40 million.

Competitive Balance Round B

A pair of trades resulted in Competitive Balance Round B picks changing hands as well.

First, the Diamondbacks received No. 75 as part of the Paul Goldschmidt deal with the Cardinals. Second, the Indians traded away No. 76 in the three-team deal sending Edwin Encarnacion to the Mariners.

Compensation picks

The Dodgers receive the final compensation pick of the draft at the very end of the second round for losing catcher Yasmani Grandal during free agency. He signed a one-year deal with the Brewers.

Bonus pool ranking

Major League Baseball uses hard slotting for every pick during the first 10 rounds. However, instead of penalizing teams that sign a player for more than the slot value of a pick, MLB only taxes overages if a team passes its overall allotment after the club signs all its drafted players.

Therefore, the total slot value of a team's picks in the first 10 rounds is an important number.

The Diamondbacks are the runaway leader in picks owned and total slot value, with three more picks in the first 10 rounds than any other team, and $2.2 million in bonus pool money more than the next-richest organization.

As a result, Arizona is the team to watch. The D-Backs could use their fortunate bonus-pool standing to lure Jack Leiter - the son of Al Leiter - away from his commitment to Vanderbilt. Or they might spread their allotment around to a number of players who slip on draft day.

Last year, the Royals were in a similar position, and they became the beneficiaries of both Brady Singer and Jackson Kowar slipping lower than expected. Due to their bonus-pool situation, the Royals were able to offer Singer a $4.25-million bonus - nearly $1 million more than the slot value of where he was taken.