I've been wondering lately why MLB wouldn't just do a live auction for their draft. Fantasy sports style.
NFL and NBA drafts are huge events, while MLB has finally upgraded to bringing a few cameras into the local Western Sizzlin' to film their draft.
Live auction just makes too much sense. It'd be exciting as hell, and MLB really wouldn't have to change much to do it.
They already work on a bonus allotment that could just be converted to auction spending limit, and unlike the NBA (and the NFL in some years), it would rarely be a wise move to just spend it all on the top player.