That's the title of an article from Sports Illustrated a couple of days ago in which Tom Verducci chronicles the drafting and very high rate of failure with teen-aged pitchers who were drafted very high. For example, from 2011-14, of the 47 pitchers drafted in the first round:
• 51% never reached the big leagues (24).
• 40% had elbow or shoulder surgery (19).
• 17% are pitching in the majors with their original team (8).
• 13% are no longer pitching in affiliated baseball (6).
Worth a glance:
https://www.si.com/mlb/2018/11/19/mlb-draft-high-school-pitchers-velocity-tommy-john-surgery-problem
• 51% never reached the big leagues (24).
• 40% had elbow or shoulder surgery (19).
• 17% are pitching in the majors with their original team (8).
• 13% are no longer pitching in affiliated baseball (6).
Worth a glance:
https://www.si.com/mlb/2018/11/19/mlb-draft-high-school-pitchers-velocity-tommy-john-surgery-problem