Dejan Kovacevic links today to his older story about Mickey White.
If it only takes $0.25M to sign the likes of Ian Snell and Nate McLouth at the end of the draft -- that was fifth-round pick money for 20-something rounders -- obviously that's a place where the Pirates could gain an advantage on the higher-payroll teams. When you consider that a "proven veteran" costs about $8.0M per year to contribute mediocrity and stifle the promotions of younger players promising a potentially greater upside, it makes no sense NOT to spend like a drunken sailor on draft day.
The Pirates have been taking one for the team on draft day for most of our recent memory. They've been suckers, holding down costs for the Yankees and Red Sox.
The draft is one place where we can really see the team's true priorities.