Brewers' Quinn Priester trade officially finalized on draft night

Milwaukee Brewers v Philadelphia Phillies | Hunter Martin/GettyImagesEvery year, extra compensatory draft picks are awarded to the smallest market and lowest revenue teams in MLB. The picks, which are meant to offset some of the financial discrepancy that exists in baseball, occur in one of two "Competitive Balance" rounds. The Competitive Balance Round A falls in between the first and second rounds of the draft, whereas the Competitive Balance Round B occurs after the second round and prior to the third. A formula that includes revenue, winning percentage, and market score is used to determine which teams receive a competitive balance pick, but once the teams are selected, the order in which they pick is determined purely by where they finished in the previous year’s standings.

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