Photo by Matthew Maxey/Icon Sportswire via Getty Images

Vanderbilt pitcher Grayson Moore has heard his name called in the 2023 MLB Draft. The Chicago Cubs selected him with the No. 416 overall pick in the 14th round on Tuesday.

More on the 2023 MLB Draft

The 2023 Major League Baseball Draft will begin during All-Star week, with the first two rounds getting underway at 7 p.m. ET on Sunday, July 9. Rounds 3-10 will then begin at 2 p.m. ET on Monday, July 10, with rounds 11-20 starting at 2 p.m. ET on Tuesday, July 11.

This year’s MLB Draft is a historic one, as a draft lottery was used to determine the order for the first time. The Washington Nationals, Pittsburgh Pirates and Oakland Athletics each had a 16.5% chance to receive the No. 1 overall pick. Ultimately, Pittsburgh won the right to have the first selection, with Washington finishing right behind them at No. 2. Oakland, however, fell all the way down to No. 6 overall.

While the MLB Draft is always unpredictable, the consensus is that this year’s top prospects both hail from LSU, who won the 2023 College World Series. Pitcher Paul Skenes and outfielder Dylan Crews headline this year’s class, which is considered a deep one.

Within the first ten rounds of the draft, each slot is assigned a certain value. Each team has a bonus pool that they are able to spend on these picks, and players will sign at, above or below their assigned slot value.

In rounds 11-20, there is no assigned slot value and MLB teams are free to spend up to $150,000 to sign their picks from the second half of the draft. If they exceed the $150,000 mark, that added amount will be deducted from their bonus pool.

Following the final day of the 2023 MLB Draft, selected players will have until August 1 to sign a contract.

More must-reads:

TODAY'S BEST
Drake Maye reportedly being treated as Patriots' QB3
Veteran 1B rejects outright assignment, elects free agency
Giannis Antetokounmpo to play for Greece in Olympic qualifier
Padres lose two top pitchers to injured list on same day
Fever announce remarkable attendance milestone in fifth 2024 home game
Senators reportedly undecided on qualifying defenseman
Lamar Jackson's curious offseason decision costing him significant money
Blue Jays two-time All-Star pitcher lands on IL for second time this season
Lakers set to benefit from Pelicans’ NBA Draft decision
One rookie quarterback is showing 'elite downfield accuracy' during OTAs
Drew Brees thinks he could be NFL’s best broadcaster
Rangers star second baseman hopes rest helps neck issue
Dodgers designate veteran pitcher for assignment after disastrous outing
Christian Yelich ties Brewers franchise record held by Paul Molitor
Jalen Brunson claps back at tiredness narrative after Knicks' playoff exit
Report: Cowboys quietly 'all-in' on Dak Prescott decision
Report: Bulls drop trade asking price for All-Star
Team Penske tops the charts in NASCAR Cup Series practice at Gateway
Kings make huge decision on head coach Mike Brown
Oilers beat Stars to take 3-2 lead in WCF