First Round
The Dodgers, Mets and Yankees receive a 10-pick penalty on their first picks for exceeding the second surcharge threshold of the Competitive Balance Tax.
Prospect Promotion Incentive Picks
If a player who was rated as a preseason Top 100 prospect by MLB Pipeline, Baseball America, and/or ESPN (at least two of the three) and was on his team's Opening Day roster and goes on to win the Rookie of the Year Award or place in the top three in MVP or Cy Young voting prior to qualifying for arbitration, the club is awarded a Prospect Promotion Incentive pick after the first round.
Received for Bobby Witt Jr. finishing in top 3 of MVP voting.
Compensation picks
If a team that loses a qualifying free agent is a revenue-sharing recipient and the free agent signs for at least $50 million, the team will be awarded a pick between the first round and Competitive Balance Round A.
The picks would be awarded if the following players sign elsewhere:
Anthony Santander, Orioles
Compensation for Christian Walker. The Astros forfeited their second- and fifth-round picks for signing Walker.
Compensation for Corbin Burnes. The D-backs forfeited their second-round pick for signing Burnes.
Compensation for Willy Adames. The Giants forfeited their second- and fifth-round picks for signing Adames.
Competitive Balance Round A
All teams that have either one of the 10 smallest markets or 10 smallest revenue pools receive an additional pick at the end of the first or second round. The groups of teams alternate between the two rounds each year.
Competitive Balance picks may be traded and are not subject to forfeiture. However, Competitive Balance picks acquired by another club in a trade are subject to forfeiture.
The Dodgers, Mets and Yankees each received a 10-pick penalty on their first picks for exceeding the second surcharge threshold of the Competitive Balance Tax, meaning their first picks will occur in Competitive Balance Round A.
Acquired from the Reds in the trade for Gavin Lux.
Acquired from the Athletics in the trade for Jeffrey Springs and Jacob Lopez.
Second Round
The Astros, D-backs, Giants, Mets and Yankees forfeited their second-round selections as a result of signing free agents who had received qualifying offers.
Compensation for unsigned 2024 No. 66 overall pick Tyler Bell.
Compensation for unsigned 2024 No. 67 overall pick Chris Levonas.
Competitive Balance Round B
Acquired from the D-backs in the trade for Josh Naylor.
Compensation picks
If a team that loses a qualifying free agent does not receive revenue sharing and did not exceed the luxury-tax salary threshold the previous season, it is awarded a compensatory pick after Competitive Balance Round B.
The picks would be awarded if the following players sign elsewhere:
Nick Pivetta, Red Sox
Third Round
The Athletics forfeited their third-round selection as a result of signing Luis Severino.
Compensation picks
Compensation for unsigned 2024 No. 81 overall pick Ryan Prager.
Fourth Round
Compensation picks
If a team that loses a qualifying free agent does not receive revenue sharing and did exceed the luxury-tax salary threshold the previous season, it is awarded a compensatory pick after the fourth round.
The Mets received a compensatory pick when Luis Severino signed with the Athletics but subsequently lost it as part of the penalty for signing Soto. The Yankees received a compensatory pick when Juan Soto signed with the Mets but subsequently lost it as part of the penalty for signing Max Fried.
The picks would be awarded if the following players sign elsewhere:
Alex Bregman, Astros
Pete Alonso, Mets
Compensation for Max Fried. The Yankees forfeited their second-round pick and the compensatory pick for Juan Soto when signing Fried.
Fifth Round
The Giants and Astros forfeited their fifth-round selections as a result of signing qualified free agents.