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Explaining the MLB Rule 4 Draft rules

The MLB Rule 4 draft, aka just The Draft, has been causing some confusion and consternation for Royals fans on the internet this week. Starting with, I believe, this tweet from our own Preston Farr:

The Royals will not be eligible for the draft lottery in 2025. Small market teams cannot lottery in three consecutive seasons.

This means the Royals are in rough shape, AND won’t pick any earlier than 10th in the 2025 draft, regardless of their win-loss record. https://t.co/vE5sAEMoQF— Preston Farr (@royalsminors) June 14, 2023

It was then re-explained by Kevin, who writes for RoyalsReporter.