Yankees Draft 2016: Day One Open Thread

Welcome, it's time for the 2016 MLB Draft. Tonight is day one of three, where we will see the first two rounds of a draft that will define franchises for many years down the road. It's the most important day of the baseball calendar.

For the Yankees, it's arguably even more important. The organization finds itself in a transitional period, a post-dynasty world, and they're trying to find a balance between getting younger while still utilizing their financial advantage in this world of baseball parity. This day is Christmas for parity lovers. It can be a hectic event, but luckily we have you covered. Here is everything you need to know.

How to watch:

MLB Draft coverage will be found here:

• 6:00 pm EST, MLB Network - A live, one-hour draft preview will kick off the network's coverage.
• 7:00 pm EST, MLB Network - Live, pick-by-pick coverage of the first round, supplemental rounds and second round.

What you need to know:

The Yankees are drafting 18th overall in this first round, and 62nd overall in the second round. They have a combined $3,482,400 in their suggested bonus pool for those two selections. If you're not sure how the bonus system works, you can find a short explanation here. It's never too late to think about who the Yankees should draft, so here are some good resources:

• 2016 Draft Order
• MLB.com Top 200 Draft Prospects
• MLB.com Mock Draft
• Baseball America Top 100 Draft Prospects
• Baseball America Mock Draft

Not only that, but there's also plenty of great draft coverage right here at Pinstripe Alley. We have overviews of the 2013, 2014, and 2015 draft classes. We have multiple posts on who might be available in the first round, and another on who might be available in the second. There's plenty more, and you can find all of it here.

This is our open thread for day one of the draft, so let's use it! Use this space to speculate, rejoice, or gripe about draft selections. It should be interesting.