CINCINNATI -- The 2017 Draft will take place through Wednesday, beginning with the Draft preview show on MLB Network and MLB.com at 6 p.m. ET today. MLB Network will broadcast the first 36 picks (Round 1 and Competitive Balance Round A), while MLB.com will stream all 75 picks on Day 1. MLB.com will also provide live pick-by-pick coverage of Rounds 3-10 on Day 2, starting at 1 p.m. Then, Rounds 11-40 can be heard live on MLB.com on Wednesday, beginning at noon.
Go to MLB.com/draft to see the Top 200 Prospects list, projected top picks from MLBPipeline.com analysts Jim Callis and Jonathan Mayo, the complete order of selection and more. And follow @MLBDraft on Twitter to see what Draft hopefuls, clubs and experts are saying.
Here's how the Draft is shaping up for the Reds, whose first selection is the No. 2 overall pick.
:: 2017 MLB Draft coverage ::
In about 50 words
For the second year in a row, the Reds have the second overall pick. The club is trying to put a rebuilding era in the rearview and prepare to contend. Several top prospects from the system have made their way to the bigs, and the next wave is needed to supplement the depth and keep growth trending upward.
The scoop
This will be vice president of amateur scouting Chris Buckley's 12th year of helming the Draft for the Reds. However, this will be the first year that Dick Williams will be overseeing the decisions as the president of baseball operations. It's not likely that there will be a major shift in philosophy as Buckley and the Reds have always taken the approach of selecting the best available athletes on their board -- regardless of the depth issues or need at a particular position.
First-round buzz
There is plenty of intrigue, of course, because of the high pick the Reds have, but they're somewhat at the mercy of the Twins, who hold the No. 1 overall pick. Recent mock drafts by MLB.com's Jonathan Mayo and Jim Callis have Cincinnati taking right-handed pitcher Hunter Greene -- a high school kid from Sherman Oaks, Calif. Another interesting option would be left-handed pitcher Brendan McKay, a two-way player nearby at the University of Louisville. McKay is an accomplished hitter and first baseman, but the Reds would likely want the left-hander to pitch.

Money matters
Under MLB's Collective Bargaining Agreement, each team has an allotted bonus pool equal to the sum of the values of that club's selections in the first 10 rounds of the Draft. The more picks a team has, and the earlier it picks, the larger the pool. The signing bonuses for a team's selections in the first 10 rounds, plus any bonus greater than $125,000 for a player taken after the 10th round, will apply toward the bonus-pool total.
Any team going up to 5 percent over its allotted pool will be taxed at a 75-percent rate on the overage. A team that overspends by 5-10 percent gets a 75-percent tax plus the loss of a first-round pick. A team that goes 10-15 percent over its pool amount will be hit with a 100-percent penalty on the overage and the loss of a first- and second-round pick. Any overage of 15 percent or more gets a 100-percent tax, plus the loss of first-round picks in the next two Drafts.

Because the Reds have both the Nos. 2 and 32 (Competitive Balance Round A) overall picks, they will have a bonus pool of $13,658,400 to sign their top 11 selections.
For the No. 2 pick in this year's Draft, the slot value is $7,193,200, which was reduced from $7,762,900. The No. 32 pick is valued at $2,084,400. As part of the new CBA, the bonus value for each of the top two picks was reduced to bring them more in line with the rest of the first round.
Shopping list
Inside the organization, there is a view that the system is fairly well balanced heading into the Draft. However, the desire to add starting-pitching depth is always a constant, and the Reds would also like to select more impact bats for the offense.
Trend watch
In recent years, the Reds have leaned toward selecting college players. The signing bonus demands are often less than that of high school prospects who have college as an alternative to turning professional. Also, there is often less development time needed for a collegiate player -- especially those taken in the upper rounds. That means prospects can get through the system quicker to potentially contribute sooner at the Major League level.
Recent Draft history
Rising fast
Right-handed pitcher Tyler Mahle, 22, has had a dominant season for Double-A Pensacola and could be a candidate for the big league pitching staff before the season is done. Mahle, the Reds' No. 9-ranked prospect according to MLBPipeline.com, has already thrown a perfect game this season for Pensacola on April 22 and tossed a no-hitter last season for Class A Advanced Daytona.

Cinderella story
Second baseman Shed Long, who was taken in the 12th round of the 2013 Draft, is 5-foot-8 and 180 pounds, but he has played big in 2017. Long, 21, was recently named the Florida State League's Player of the Month for May after he batted .339 with five home runs and 14 RBIs in 27 games. Long is the No. 13-ranked prospect in the organization, according to MLBPipeline.com.

In The Show
As a small-market club that often shuns big expenditures in the free-agent market, the Reds have spent the last decade-plus cultivating talent through the Draft. Several homegrown picks fill the current 25-man roster, including Joey Votto, Zack Cozart, Billy Hamilton, Michael Lorenzen, Devin Mesoraco and Tucker Barnhart. More recent examples that have reached the Majors this season are Amir Garrett, Robert Stephenson, Jesse Winker and Cody Reed.
Recent top picks
2016: Nick Senzel, 3B, Class A Advanced Daytona
2015: Tyler Stephenson, C, Class A Dayton
2014: Nick Howard, RHP, injured
2013: Phillip Ervin, OF, Triple-A Louisville
2012: Nick Travieso, RHP, injured