High Quality Content by WIKIPEDIA articles! The 1992 Major League Baseball Draft took place on June 1, 1992, through a conference call involving all 28 MLB teams of the time. Phil Nevin of Cal State Fullerton was the first overall selection, chosen by the Houston Astros.Derek Jeter, widely considered a future member of the National Baseball Hall of Fame, was selected by the New York Yankees with the sixth selection. In addition to Nevin, Paul Shuey, B. J. Wallace, Jeffrey Hammonds, and Chad Mottola were selected ahead of Jeter.