MLB Mock Draft 2020: Spencer Torkelson, Austin Martin go 1-2; Marlins select first pitcher off board - CBS Sports

Watch Now: MLB Draft Preview: Spencer Torkelson Projected No. 1 Overall (4:48)

The 2020 MLB Draft begins on Wednesday night. In an effort to cut costs amid the coronavirus pandemic, MLB has shortened the selection process from 40 rounds to just five rounds this year. That will save roughly $100 million in bonus money league-wide. It also means only 160 players will be drafted in the next two days. There were 1,217 names were called in the 2019 MLB Draft.

Here are the viewing details for the first day of the 2020 MLB draft:

• Date: Wednesday, June 10
• Time: 7 p.m. ET
• TV: MLB Network and ESPN
• Streaming: MLB.com
• Picks: 1-37 (Rounds: 1st, Competitive Balance Round A)

Unlike the NBA and NHL, there is no lottery for the MLB draft. The draft order is set at the reverse order of the previous year's standings, so the Tigers hold the No. 1 pick in 2020 after losing 114 games in 2019. This is the third time Detroit has held the top pick. They selected Rice closer Matt Anderson with the No. 1 pick in 1997 and Auburn righty Casey Mize with the No. 1 pick in 2018. Mize is now one of the top prospects in the game.

Every team is given a set bonus pool for draft spending each summer, and savings from a below-slot bonus with one pick can be used for an over-slot bonus with another pick. The penalties for excessive spending are harsh enough (tax on overage, forfeiting a future first rounder, etc.) that the bonus pool effectively acts as a salary cap. Here are this year's five largest bonus pools:

1. Orioles: $13,894,300
2. Tigers: $13,325,700
3. Royals: $12,521,300
4. Marlins: $12,016,900
5. Pirates: $11,154,500

The O's hold the No. 2 pick and the highest competitive balance pick (No. 30), nudging them ahead of the Tigers for the largest bonus pool. The Astros, who were stripped of their first and second round picks as part of the sign-stealing scandal punishment, have the smallest bonus pool at $2,202,600.

R.J. Anderson recently ranked the top 25 pitchers and the top 25 position players in the 2020 draft class. He also ranked the top 50 prospects overall. This is our fourth and final mock draft (April 15, May 19, June 1), and although no amateur games have been played in weeks, draft boards are still changing. Here is our final mock draft based on the latest rumors and reporting. As an added bonus, we've included Competitive Balance Round A in this week's mock draft.

2020 MLB Mock Draft: First Round

2020 MLB Mock Draft: Competitive Balance Round A

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