The Indians are one of a dozen teams that won an extra pick in next June's MLB Draft via Wednesday's Competitive Balance Lottery, which was created as part of the newest Collective Bargaining Agreement as a way to help small market and low revenue teams.
The Indians won the second pick in Round B of the CBL, which is what fans should have been hoping for, but is still a lot better than nothing.
Round A takes place after the 1st round of the draft. The winners of those picks:
Four of those teams were mathematical favorites to land a pick in Round A, while Oakland and Pittsburgh (who has the third-best record in baseball right now) beat the odds.
Round B takes place after the 2nd round of the draft. The winners of those picks:
(The Cardinals, Royals, and Mariners were also eligible to win a pick, but did not. Take that, Missouri! ...and Washington.)
The second pick in Round B (the one the Indians hold, and the one they were "projected" for, based on the odds) was #71 overall in this year's draft, and #70 overall in the 2014 draft; we can expect it to be somewhere in the same ballpark next year. Unlike normal draft picks, CB draft picks can be traded, not that it's likely the Indians would do that. The teams that receive them also receive a boost to their slot pool, so it's not as though they have to somehow fit an additional player into the same budget.
While a pick in Round B is not incredibly valuable, it's certainly a lot more value than no pick at all, and we should be glad the Indians were able to land one of these picks.