Former No. 1 overall pick was sentenced to 38 months in prison on Wednesday.
Taylor was arrested in March after selling cocaine and crack cocaine to undercover narcotic agents over a period of several months, according to the Carteret County Sheriff's Office. In addition to 38 months in prison, Taylor will also serve three years of supervised probation upon his release.
During Wednesday's sentencing, the 40-year-old former pitcher told U.S. District Court Judge Louise W. Flanagan that he was sorry for the distress he caused his family throughout the process. He has five daughters.
Taylor was originally selected by the Yankees with the No. 1 overall selection in the 1991 MLB Draft. He was awarded a $1.55 million signing bonus, which at the time, was the highest in the history of the sport. Despite this, he is only the second player to be selected first overall and never reach the major leagues. Taylor spent seven years in the minor leagues and never pitched above AA ball.