The Houston Astros, with the first overall pick, selected Carlos Correa from the Puerto Rico Baseball Academy and High School.

The draft order was determined by the 2011 Major League Baseball season standings.

[2] Also, teams can lose draft picks for signing certain free agents, while teams losing free agents will receive draft picks as compensation.

[4] The new Collective Bargaining Agreement between MLB and the MLBPA announced on November 22, modified the compensation required for certain Type A players.

Six Type A players became modified Type A free agents, meaning a team signing one of them was not required to forfeit a draft pick, but the team losing them will receive a draft pick in the slot immediately before the pick they would have received had the player actually had Type A status.