SAN FRANCISCO -- The 2016 Draft will take place today through Saturday, beginning with the Draft preview show on MLB Network and MLB.com today at 3 p.m. PT. Live Draft coverage from MLB Network's Studio 42 begins at 4 p.m., with the top 77 picks being streamed on MLB.com and broadcast on MLB Network. MLB.com's exclusive coverage of Day 2 begins with a live Draft show at 9:30 a.m. on Friday, with exclusive coverage of Day 3 beginning at 10 a.m. on Saturday.
MLB.com's coverage includes Draft Central, the Top 200 Draft Prospects list and Draft Tracker, a live interactive application that includes a searchable database of over 1,500 Draft-eligible players. Every selection will be tweeted live from @MLBDraftTracker, and you can also keep up to date by following @MLBDraft. And get into the Draft conversation by tagging your tweets with #mlbdraft.
Here's how the Draft is shaping up for the Giants, whose first selection is the 59th overall pick.
In about 50 words
The Draft remains significant to the Giants, though they lost their first-round pick to the White Sox as compensation for signing free-agent pitcher Jeff Samardzija. San Francisco must hope that an attractive prospect or two will slip through the first and compensation rounds, as often happens.
"We still try to see everybody, but you don't cover guys as far or as deep who you know aren't probably going to be there," Giants general manager Bobby Evans said.
San Francisco will take a big-picture approach to the Draft, as always.
"You don't want to draft for what the Major League club needs today, because what the Major League club needs today may not be what the Major League club needs three years from now, when that player's ready to help," Evans said.
That said, collecting pitching talent always has been -- and always will be -- the Giants' way.
Under the Collective Bargaining Agreement, each team has an allotted bonus pool equal to the sum of the values of that club's selections in the first 10 rounds of the Draft. The more picks a team has, and the earlier it picks, the larger the pool. The signing bonuses for a team's selections in the first 10 rounds, plus any bonus greater than $100,000 for a player taken after the 10th round, will apply toward the bonus-pool total.
Any team going up to 5 percent over its allotted pool will be taxed at a 75 percent rate on the overage. A team that overspends by 5-10 percent gets a 75 percent tax plus the loss of a first-round pick. A team that goes 10-15 percent over its pool amount will be hit with a 100 percent penalty on the overage and the loss of a first- and second-round pick. Any overage of 15 percent or more gets a 100 percent tax plus the loss of first-round picks in the next two Drafts.
To sign their first 10 picks, the Giants have been allocated a pool total of $3,494,900 -- the third-smallest figure. It's less than half of the club's $7,515,500 allocation last year. Of course, the lack of a first-round pick accounts for the enormous difference.
Besides adding to their pitching stockpile, San Francisco will continue its search for a capable leadoff hitter who can find the gaps at AT&T Park, and a power hitter who can conquer the yard's spacious dimensions.
Though high-velocity pitchers have become all the rage, the Giants are always willing to consider more mature prospects who possess "pitchability" -- those who still have an idea about changing speeds and simply throwing strikes.
Recent Draft history
Second baseman Austin Slater, who is ranked by MLBPipeline.com as San Francisco's No. 20 prospect, has ascended steadily since being selected in the eighth round in 2014. He recently was promoted from Double-A Richmond to Triple-A Sacramento. Like current third baseman Matt Duffy, Slater almost naturally hits line drives, and he goes to the opposite field without hesitation.
Speaking of Duffy, he's an inspirational figure as an 18th-round selection in the 2012 Draft. This is a guy who didn't even hit .300 in college. But the Giants believed in him, and they were rewarded for their faith when he finished second in last year's National League Rookie of the Year Award balloting.
In The Show
The Giants have plenty to "show" for their renewed efforts in drafting and developing, which began a little more than 10 years ago. San Francisco's current Major League roster features 15 homegrown players, including staff ace Madison Bumgarner, 2012 NL Most Valuable Player Award winner Buster Posey and the entire starting infield.
The Giants' recent top picks
2015: Phil Bickford, RHP, Class A Augusta
2014: Tyler Beede, RHP, Richmond
2013: Christian Arroyo, SS, Richmond
2012: Chris Stratton, RHP, San Francisco
2011: Joe Panik, 2B, San Francisco
Chris Haft has covered the Giants since 2005, and for MLB.com since 2007. Follow him on Twitter at @sfgiantsbeat and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.