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15 teams set for Competitive Balance Draft Lottery

For half of Major League Baseball's 30 clubs, today's Competitive Balance Lottery provides a shot at a valuable extra selection in the 2016 Draft.

The Lottery, which was first held in 2013 after being created under the current Collective Bargaining Agreement, gives the teams with the 10 smallest markets or 10 smallest revenue pools chances at one of 12 extra Draft picks. The picks are divided into Rounds A and B, with six falling after the first round and six after second round of the MLB Draft. The Competitive Balance Lottery begins this afternoon at 2 ET and takes place at the Commissioner's Office in New York.

Twelve teams are eligible to win a pick in Round A this year: the D-backs, Rockies, Reds, Marlins, Padres, Rays, Brewers, Indians, A's, Pirates, Royals and Cardinals.

2015 Competitive Balance Lottery Odds - Round A

The six clubs that do not win a selection in Round A will be eligible for Round B. In addition to those teams, any other clubs that receive revenue-sharing funds are eligible for the Round B Lottery. This year, the Orioles, Twins and Mariners are in that category.

Of the teams in play for the Round A Lottery, the D-backs possess the best chance (18.2 percent) of landing the top pick in that round. The Rockies (16.5 percent) and Reds (9.5 percent) follow, with three more teams (Marlins, Padres and Rays) right behind them at 8.9 percent.

The Marlins and Reds held the top picks in Round A and Round B, respectively, last year.

The Competitive Balance Round picks are the only Draft selections permitted to be traded, subject to some restrictions. Each lottery pick can be traded only once and cash can't be involved in the transaction. The choices can be dealt only during the regular season, up until 5 p.m. ET on the first day of the Draft.

Joey Nowak is a reporter for MLB.com. Follow him on Twitter at @joeynowak.