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When discussing Draft....What is Leverage

OK, I'll ask. New HS parent here and people are talking about the Draft and leverage.

Could someone help explain what that is/means?

I've heard best leverage is out of HS, then Junior and then Senior in College....

Is that because the MLB Team has to entice you 1) to not go to college and 2&3) to not return to college your senior year and then they have you by the "short hairs" after your senior year and wouldn't have to pay you as much? 

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