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The Rule 5 Draft

By Ben Nicholson-Smith [June 12, 2009 at 2:05pm CST]

The Rule 5 Draft takes place every year at baseball's winter meetings in December. Some years it's uneventful, but it's been a major source of talent for the teams that selected Dan Uggla, Johan Santana and Roberto Clemente. Here's how it works:

Players who signed when 18 or younger are eligible for the draft after five years.
Players who signed when 19 or older are eligible after four years.
If these players aren't on their teams' 40 man rosters, they're exposed.
As in the June draft, teams draft in reverse order of the previous season's standings.
Teams that draft players must pay $50k to the player's original team.
Those selected must remain on the 25-man roster or the major league DL for the entire season.
Otherwise, the claiming team has to offer the player back to his original team for $25k.
First, however, he must clear outright waivers.
This gives the other 28 teams the opportunity to claim him. If any team claims the player, he must remain on their roster for the entire season or go through waivers again.
The draft was more relevant before it was modified under the current Collective Bargaining Agreement, when players were eligible a year earlier.

Thanks to ESPN.com's Keith Law, Cot's Baseball Contracts and ESPN.com's Rob Neyer.

Full Story | Comments (4) | Categories: MLBTR Glossary

Comments

Yeah the cubs drafted Hamilton from the Rays then traded him in a planned deal to the Reds. Imagine how different things could be for the cubs if they held on to him.

Posted by: chicubs25 | June 12, 2009 at 02:19 PM

Let's not forget the Royals got Joakim Soria from the Padres as well...

Posted by: High Mileage | June 12, 2009 at 03:02 PM

and Shane Victorino too. Phils got him and TRIED to offer him back to the Dodgers (i believe) but they didn't want him.

Posted by: philsWSchamps | June 12, 2009 at 04:06 PM

So relevant to the happenings on June 12!

Posted by: theron | June 12, 2009 at 04:39 PM

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The Rule 5 Draft

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