Looks like a 2nd Rd pick per mlb.com rules:
"The 2017-21 Collective Bargaining Agreement rules state that if the team that loses the free agent is a revenue-sharing recipient, based on its revenues and market size, then the selection -- if and only if the lost player signs for at least $50 million -- will be awarded a pick between the first round and Competitive Balance Round A of the 2022 MLB Draft. If the player signs for less than $50 million, the compensation pick for those teams would come after Competitive Balance Round B, which follows the second round.
The following 13 teams currently qualify for these picks: Brewers, Cleveland, D-backs, Mariners, Marlins, Orioles, Pirates, Rays, Reds, Rockies, Royals, Tigers and Twins.
• If the team that loses the player does not receive revenue sharing and did not exceed the luxury-tax salary threshold the previous season, its compensatory pick will come after Competitive Balance Round B. The value of the player's contract doesn't matter in this case.
The 15 teams in this category: Angels, Astros, Athletics, Blue Jays, Braves, Cardinals, Cubs, Giants, Mets, Nationals, Phillies, Rangers, Red Sox, White Sox and Yankees."