MLB Draft: How Much is the No. 1 Pick Worth? Record signing bonuses could be in play as the nation’s top college and high-school baseball prospects line up for the 2016 MLB draft Thursday. Continue Reading Below The Philadelphia Phillies have the No. 1 pick, which has an assigned value of approximately $9.02 million this year. The current all-time record belongs to Gerrit Cole, who received an $8 million bonus after he was drafted first overall by the Pittsburgh Pirates in 2011.