In the United States, the word prospect was associated with the famous Gold Rush of the 1840s, when people from all over the world went into the hillsides of California looking to strike it rich. Prospecting for gold was the way to fortune and fame.
In Major League Baseball, a good prospect can not only find fortune and fame for themselves, they can deliver a little bit of both for their teams as well.
Essentially, anyone that's drafted or signed to a minor league contract could be termed as a prospect. But for those who are drafted in the first round of the annual MLB draft, they're generally thought of as much more than prospects.
Teams spend millions of dollars on those selected in the higher rounds of the draft with the clear expectation that they will realize their potential and develop into future stars.
However, not everyone drafted in the higher rounds turn out to be gold nuggets. Oftentimes they may look shiny on the outside, but after further examination, they are revealed to be duds.
Bleacher Report will examine some of the shiny new nuggets that were recently drafted and determine whether or not they are actually fool's gold.