As the Red Sox first-round pick is a protected one thanks to their awful 2014 record, we've known for months they would be picking seventh overall in this June's draft. What we didn't know for sure was when their next pick would be, or what their draft budget would look like. We know the answer to the first question for sure with James Shields officially signed by the Padres, and with a little help, we also have an accurate enough guess at the second.
The Red Sox won't pick again until the third round, the 81st overall selection, as they sacrificed their second-round pick to sign Pablo Sandoval and their competitive balance round pick to bring Hanley Ramirez on board. Both players received qualifying offers, meaning compensatory draft picks had to be given up in order to sign them, but Boston's acquisition of an extra selection -- the competitive balance pick -- helped ease that sting a bit. The Red Sox received that along with Yoenis Cespedes in return for trading Jon Lester to the A's, and then turned around to deal Cespedes to the Tigers to bring in a year of Rick Porcello this offseason, so while it might not have been an ideal series of events for some Sox fans, it was certainly a productive one.
Baseball America projects Boston's draft budget to be $6,480,889, the 22nd-most in the league, which is actually higher than 2014's total ($6,373,300) despite giving up two early picks for free agents. That's the power of a draft pick in the first 10 spots -- the Red Sox made three picks in the first 67 spots of last summer's draft, but the first didn't come until 26th overall.
The Red Sox have a little more spending room than this to work with, thanks to the way punishments for exceeding the draft budget are implemented. Boston can spend up to five percent over budget and simply needs to pay a tax on the overage if they do so: any more than that, however, and they have to sacrifice future picks in addition to being taxed. Five percent of their forecasted budget is an extra $324,000 and change, so the Sox have a projected $6,804,933 to spend on the first 10 rounds of the 2015 draft. Any bonus over $100,000 for players from rounds 11 through the end of the draft are also subject to the budget, with the funds beyond that initial $100,000 counting against it, but even with that this is still plenty of space for the Sox to introduce new prospects to the lower levels, in spite of their offseason spending.