For proof of an overrated MLB draft prospect, you can look no further than Matt Hobgood, the Orioles' first-round selection (and fifth overall) from the 2009 draft.
What was once looked down upon as a money-saving pick has become quite a costly mistake for the O's front office, as Hobgood has continued to struggle, looking worse each time he takes the mound. After sputtering to a 3-7 finish in 2010, the right-hander took extra time getting himself ready for the 2011 campaign. But when he finally made his debut, he looked just as overmatched.
In 13 appearances this season, Hobgood went 0-6 with a 8.76 ERA and a 22-to-26 K:BB ratio—and trust me, he wasn't even as good as those numbers indicate.
The point to Hobgood's demoralizing story is that it takes some time to figure out who the real busts are from any given draft class. Some, like San Diego's $6 million train-wreck Donovan Tate, make themselves known earlier—but for the most part, most busts don't really make their mark for two or three seasons.
Take that into account as I detail each team's least-impressive, most overrated newly-signed draftee.
Some of these guys may go on to great things, but for right now, they look downright terrible!