Here is the 2009 draft order for the first 4 rounds and an explanation on how compensation works from the draft coverage of MLB.com.
First Round
2. Seattle Mariners
3. San Diego Padres
4. Pittsburgh Pirates
5. Baltimore Orioles
6. San Francisco Giants
7. Atlanta Braves
8. Cincinnati Reds
9. Detroit Tigers
10. Washington Nationals (9B, for unsigned 2008 No. 9 overall pick Aaron Crow)
11. Colorado Rockies
12. Kansas City Royals
13. Oakland A's
14. Texas Rangers
15. Cleveland Indians
16. Arizona Diamondbacks
17. Arizona Diamondbacks (from Dodgers - Orlando Hudson)
18. Florida Marlins
19. St. Louis Cardinals
20. Toronto Blue Jays
21. Houston Astros
22. Minnesota Twins
23. Chicago White Sox
24. Los Angeles Angels (from Mets - Francisco Rodriguez)
25. Los Angeles Angels (from Yankees - Mark Teixeira)
26. Milwaukee Brewers
27. Seattle Mariners (from Phillies - Raul Ibanez)
28. Boston Red Sox
29. New York Yankees (28B, for unsigned 2008 No. 28 overall pick Gerrit Cole)
30. Tampa Bay Rays
31. Chicago Cubs
32. Colorado Rockies (from Angels - Brian Fuentes)
34. Colorado Rockies (Brian Fuentes)
35. Arizona Diamondbacks (Orlando Hudson)
36. Los Angeles Dodgers (Derek Lowe)
37. Toronto Blue Jays (A.J Burnett)
38. Chicago White Sox (Orlando Cabrera)
39. Milwaukee Brewers (CC Sabathia)
40. Los Angeles Angels (Mark Teixeira)
41. Arizona Diamondbacks (Juan Cruz)
42. Los Angeles Angels (Francisco Rodriguez)
43. Cincinnati Reds (Jeremy Affeldt)
44. Texas Rangers (Milton Bradley)
45. Arizona Diamondbacks (Brandon Lyon)
46. Minnesota Twins (Denny Reyes)
47. Milwaukee Brewers (Brian Shouse)
48. Los Angeles Angels (Jon Garland)
49. Pittsburgh Pirates (48B, for unsighed 2008 No. 48 overall pick Tanner Scheppers)
51. Seattle Mariners
52. San Diego Padres
53. Pittsburgh Pirates
54. Baltimore Orioles
55. San Francisco Giants
56. Los Angeles Dodgers (from Braves - Derek Lowe)
57. Cincinnati Reds
58. Detroit Tigers
59. Colorado Rockies
60. Arizona Diamondbacks (from Royals - Juan Cruz)
61. Chicago White Sox (from Athletics - Orlando Cabrera)
62. Texas Rangers
63. Cleveland Indians
64. Arizona Diamondbacks
65. Los Angeles Dodgers
66. Florida Marlins
67. St. Louis Cardinals
68. Toronto Blue Jays
69. Houston Astros
70. Minnesota Twins
71. Chicago White Sox
72. New York Mets
73. Milwaukee Brewers (from Yankees - CC Sabathia)
74. Milwaukee Brewers
75. Philadelphia Phillies
76. New York Yankees (75B, for unsigned 2008 No. 75 overall pick Scott Bittle)
77. Boston Red Sox
78. Tampa Bay Rays
79. Chicago Cubs
80. Los Angeles Angels
82. Seattle Mariners
83. San Diego Padres
84. Pittsburgh Pirates
85. Baltimore Orioles
86. San Francisco Giants
87. Atlanta Braves
88. Cincinnati Reds
89. Detroit Tigers
90. Colorado Rockies
91. Kansas City Royals
92. Oakland A's
93. Texas Rangers
94. Cleveland Indians
95. Arizona Diamondbacks
96. Los Angeles Dodgers
97. Florida Marlins
98. St. Louis Cardinals
99. Toronto Blue Jays
100. Houston Astros
101. Minnesota Twins
102. Chicago White Sox
103. New York Mets
104. Toronto Blue Jays (from Yankees - A.J. Burnett)
105. Milwaukee Brewers
106. Philadelphia Phillies
107. Boston Red Sox
108. Tampa Bay Rays
109. Chicago Cubs
110. Los Angeles Angels
113. Seattle Mariners
114. San Diego Padres
115. Pittsburgh Pirates
116. Baltimore Orioles
117. San Francisco Giants
118. Atlanta Braves
119. Cincinnati Reds
120. Detroit Tigers
121. Colorado Rockies
122. Kansas City Royals
123. Oakland A's
124. Texas Rangers
125. Cleveland Indians
126. Arizona Diamondbacks
127. Los Angeles Dodgers
128. Florida Marlins
129. St. Louis Cardinals
130. Toronto Blue Jays
131. Houston Astros
132. Minnesota Twins
133. Chicago White Sox
134. New York Mets
135. New York Yankees
136. Milwaukee Brewers
137. Philadelphia Phillies
138. Boston Red Sox
139. Tampa Bay Rays
140. Chicago Cubs
141. Los Angeles Angels
The former Club of a Player who became a free agent and ranks as a Type A or B Player shall be entitled to receive compensation in the form of a Draft choice in the First-Year Player Draft succeeding the Player's election of free agency.
A Type A or B shall be a Player who became a free agent and ranks as a Type A or B Player under the statistical system of ranking Players set forth by the Elias Sports Bureau, using statistics based on a two-year average for each respective position group. Type A and Type B players necessitate that the Player's former Club receive a sandwich pick in between rounds one and two. Additional picks in the second, third and fourth rounds are exchanged from one club to another for the losses of Type A free agents.
Type A Players now rank in the upper 20% of his respective position group by the Basic Agreement, instead of the upper 30% as was stipulated in the previous collective bargaining agreement.
Type B Players now rank in the upper 40%, but not in the upper 20%, of his respective position group. Under the previous collective bargaining agreement, Type B Players ranked in the upper 50% not in the upper 30%. Before the most recent collective bargaining agreement took effect for the 2008 season, a Club would receive compensation for losing a Type C free agent. Under the new Basic Agreement, Type C free agents no longer call for a Draft pick as compensation.
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