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When the time arrived for the Chicago Cubs to make their first-round pick Sunday night, they could have opted for one of the top available hitters. The Cubs instead selected Oklahoma right-hander Cade Horton with the No. 7 pick. Baseball America ranked Horton the 23rd-best player in the draft, while MLB.com ranked him 24th. Horton is the Cubs’ highest draft pick since they took Kyle Schwarber with the fourth pick in 2014. Horton could be an underslot pick — No. 7 is valued at $5,708,000 — in which the Cubs save money to use on other players. Vice president of scouting Dan Kantrovitz called the…