1992 Major League Baseball draft
| Date(s) | June 1, 1992 |
|---|---|
| Location | Conference call |
| Picks | |
| First selection |
Phil Nevin Houston Astros |
| First round selections | 38 |
| Overall selections | 1,412 |
The 1992 Major League Baseball draft took place on June 1, 1992, through a conference call involving all 28 MLB teams of the time. Phil Nevin of Cal State Fullerton was the first overall selection, chosen by the Houston Astros.Derek Jeter, widely considered a future member of the National Baseball Hall of Fame, was selected by the New York Yankees with the sixth selection. In addition to Nevin, Paul Shuey, B. J. Wallace, Jeffrey Hammonds, and Chad Mottola were selected ahead of Jeter.
The 1993 expansion Colorado Rockies and Florida Marlins participated in the MLB Draft for the first time in 1992.
With the first overall selections of the previous two drafts, Chipper Jones and Brien Taylor, receiving signing bonuses of $1.2 million ($2,199,796 in current dollar terms) and $1.55 million ($2,725,470 in current dollar terms) respectively, salary demands of new players became a factor in the 1992 draft. Prior to the draft, Jeffrey Hammonds of the Stanford Cardinal baseball team sought a signing bonus of $1.8 million ($3,071,994 in current dollar terms).Derek Jeter, a high school player who had a commitment to play college baseball at the University of Michigan, was believed to be seeking a bonus of at least $1 million ($1,706,664 in current dollar terms) to forego college.
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