I just went through my draft results, and the first week of waiver wire adds, and came up with a list of pitchers that were either available, or went in the last couple rounds.
Barry Zito (27th round)
Edwin Jackson (27th round)
Jeff Niemann
Nick Blackburn
Ross Ohlendorf
Jarrod Washburn
Joel Pineiro
Ricky Romero
Bronson Arroyo
These 9 guys would not have set any records for Ks (962 right now) but 100 wins and a 1.284WHIP is not something to sneeze at. Toss in a 3.76ERA and that's not a bad staff.
I didn't look at closers, but that carousel is always spinning.