The Yankee’s possession of the 16th pick doesn’t sound like much. And you might think that the first ten picks will yield the best players in the draft. Not so fast. And that’s mainly because individual teams have individual needs. So, for example, if the top ten has a wealth of power hitters, but your team already has that box checked, and pitching depth is a box not checked, then you will look further down the list before making a pick.
That is, unless (and you can see the complexity already developing) you intend to trade a top ten pick after the draft for a pitcher.