We have a very good idea what value MLB teams are placing on the comp pick: about 10M. That's not from my mind, that's from analysis that has been done on the value MLB teams are putting on the comp pick. I'm using the best available information in assuming that the market value of the pick is in the 10M range.
When you mock the idea that Valbuena + ~9M + the comp pick is more valuable than Bautista @ 18M, you're assigning a value to the comp pick. Well, what you're doing is completely disregarding the value of the pick, even in the face of evidence that MLB teams are placing about 10M in value on those picks. I don't know why you're doing that, but it's definitely less informed and less honest than anything I've posted.
To recap
research: MLB teams are valuing the comp pick at around 10M
BTS: comp picks are probably worth about 10M in the MLB marketplace, because the evidence suggests that that's what teams are valuing them at
reedjohnsonfan: the comp picks have no value