The new collective bargaining agreement calls for a competitive balance draft pick lottery beginning in 2013, and MLB.com's Jonathan Mayo has details. 13 teams will be eligible for the first lottery based on their market size and revenue: the Diamondbacks, Orioles, Indians, Royals, Athletics, Pirates, Padres, Rays, Reds, Rockies, Marlins, Brewers, and Cardinals. The lottery gives each of these teams the chance to win one of six extra picks in the 2013 draft, which will come after the compensation picks for free agents. The odds of winning a pick will be based on each team's winning percentage in the previous season.
There will be another group of six picks after the draft's second round. The teams in the mix for these will be the ones that did not win a pick in the first lottery, as well as any other team that receives revenue sharing.
Mayo says lottery picks can be traded, but only once by a team and only during the regular season. The picks cannot be sold for cash.
A third lottery will be held for picks forfeited by teams that exceeded their bonus pools. Teams that did not exceed their pools will be eligible, with odds based on a formula of revenue and winning percentage. Got all that? There will be a quiz tomorrow.