My son was a late round draft pick out of HS this past June. He was not a prospect until January-6 months before the draft. So I would describe the process as both exciting and overwhelming.
As far as physical preparation, my lifetime SS son was drafted as a RHP so he had very little time to prepare.
Mental preparation? I didnt have time to think, never mind prepare and my son just went about his business for the most part ignoring the whole thing. I sat in front of the computer for those 2 long days in June my son did not!
Advisors? I found having one quite helpful but only because we knew nothing about the process. Our advisor was knowlegable, informative, and honest. But I did meet and speak with many strange characters claiming to be agents/advisors...so my advice would be to beware!
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I did all the negotiations and while it came down to a dollar amount to forgo college, I never revealed that dollar amount but did specify a round.
Fungo-I found this to be the most agonizing part of the process. I constantly felt like...If I say "$blank" I may just sell my kid short...but if I say "$blank" I might just send them away laughing never to return.
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If your kid is good they will find you. It is the scouts job and these days they have to be informed and do their job.
rhpcalmom-I respectfully disagree. My son who's fastball touches 92-93 was unknown until TRhit gave me some sound advice in January before the draft...."get him in front of the right people" I followed his advice and for that I am very glad.