The Ask BA article from Jan 9 details the final compensation listings from the FA pool this year.
The Yanks did well for themselves- the 23rd pick (1st rounder from Astros for Pettitte), the 33rd pick (sandwich pick for Pettitte), the 38th pick (Sandwich pick for Wells) and the 42nd pick (2nd rounder from Padres for Wells).
Then, the Yanks begin picking in a pattern that will end in "9." That is, In the 3rd round, they will have the 99th overall pick, then the 129th pick in the 4th and so on. All in all, not to bad- 5 of the first 100 picks.
It pales in comparison to the Twins and A's, but we know the A's will draft several college guys who are about signability, and the Twins likely will too, allowing some good sandwich guys to fall.
I can see the Yanks going with the best guy left on the board at #23, then going top HS players (most likely pitchers) with both the Sandwich picks. Then the 2nd rounder would likely be the best HS position guy left.
The reason I speculate that this is the likely scenario is that college arms will dominate the top of the draft, allowing top HS prospects to fall longer (just like Duncan last year). Further, with teams like the A's and Twins dominating the 1st round, and their small budgets, we will see a lot of college players drafted above their skill level for signability reasons. As the Yanks budget can take a high risk prep or 2, while grabbing the best talent falling to them, the Yanks may end up doing better than their draft postion would dictate.