I disagree. Many of the game's current elite players were not drafted in the first round. See Brandon Webb, Albert Pujols, Cliff Lee, James Shields, Jonathon Papelbon, Dan Haren, Jake Peavy, Jason Bay, Kevin Youkilis, Brad Hawpe, etc. Instead of placing all of our chips into one player, Huntington is placing significant-but-not-tremendous investments in a larger pool of possible major league stars.
Your 2008 NL All-Stars:
G. Soto: 11th Round
A. Pujols: 13th RoundC. Utley: 1st Round
C. Jones: 1st Round
H. Ramirez: FAR. Braun: 1st Round
k. Fukodome: FA
A. Soriano: FA
A. Cook: 2nd Round
R. Dempster: 3rd Round
D. Haren: 2nd RoundB. Lidge: 1st RoundT. Lincecum: 1st Round
C. Marmol: FAB. Sheets: 1st Round
E. Volquez: FAB. Wagner: 1st Round
B. Webb: 8th Round
B. Wilson: 24th RoundK. Wood: 1st Round
C. Zambrano: FA
R. Martin: 17th Round
B. McCann: 2nd RoundA. Gonzalez: 1st Round
D. Uggla: 11th Round
A. Ramirez: FAD. Wright: 1st Round
C. Guzman: FA
M. Tejada: FA
C. Hart: 11th Round
M. Holliday: 7th Round
R. Ludwick: 2nd Round
N. McLouth: 25th Round
So about 30% of the NL All-Stars last year were first round picks. I think what's more telling is the percentage of All-Stars that were taken in the first five rounds (about 42%). If we remove the amateur free agents the numbers go up even more (42% 1st rounders, 58% in the first five rounds).
The draft lasts 50 rounds. If you punt on the first five rounds, you're missing out on talent that has, in the baseball world, a fairly legitimate chance at being one of the best players on your team, if not in the league.
If I dared your son to do something, he'd be DEAD. I wouldn't do a wimpy dare, like "read a short story quickly". I'd have a real dare, like EAT A BAG OF FIRE!!!!"