The O's could screw this up.
2006 O's draft Bill Rowell at 9. Giants draft Linecum at 10, AZ then drafts Max S.
2008 O's draft Matutz at 4, Giants draft Posey at 5.
2009 O's draft Hobgood at 5 and the Giants draft Zack Wheeler at 6.
I think if you went through each and every draft since its inception, you could find hundreds of such examples involving practically every major league team. In 2005, for example, Seattle took catcher Jeff Clement with the No. 3 pick, ahead of Ryan Zimmerman, Ryan Braun, Troy Tulowitzki and Andrew McCutchen. The Mariners also used the No. 3 pick in 2012 to draft another catcher, Mike Zunino, who currently sports a career. 207 batting average, while the Orioles used the next pick to take Kevin Gausman. So it cuts both ways.
The Royals had the No. 1 pick in that 2006 draft, which they used to draft Luke Hocheaver. Not only were Lincecum and Scherzer available that year, but so was that Kershaw fellow. The Tigers took Andrew Miller at No. 6 that year, one ahead of the Dodgers, who obviously drafted Kershaw. Miller eventually became a lights-out reliever. . .for teams other than the Tigers.
A year later, the D-Backs took pitcher Jarrod Parker at No. 9 while the Giants took Madison Bumgarner at No. 10.
Since the draft's inception in 1965, just 39 players--out of roughly 50K or so selected--have made it all the way to the Hall of Fame. Of first-rounders, just 12 are now in Cooperstown, and of No. 1 overall selections--only Ken Griffey, Jr. and Chipper Jones are enshrined.
The numbers are certainly not promising, even though it should be pointed out that a much greater number of first-rounders went on to become productive major leaguers if not Hall of Famers.
While it's true that a team's fortunes can turn on how well or how badly they ultimately draft, it's still an exercise in taking players virtually no one has ever heard of and trying to make projections you can't even begin to properly project. That's why the trade deadline is so important for the Orioles this time around, because it's the quickest way to build up a flagging farm system.
The Yankees are the best example. Of the top 10 prospects in their system, only three came through the draft, and only one was actually drafted by the Yankees.