Each year, Major League Baseball's Winter Meetings conclude with the Rule 5 Draft. For those who are unfamiliar with the event, MLBTR offers an in-depth description, but here's a quick overview.

Players are eligible for the Rule 5 Draft if they aren't on the 40-man roster four or five years after signing, depending on the age at which they signed. Teams draft in the reverse order of the previous season's standings but aren't required to make a selection. If they do choose a player, they pay his former team $50K and must keep that player on the Major League roster all season or offer him back to his original team for $25K.

The results from the Major League phase:

Second round of Major League phase: