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Look at Rosenfels record compared to Hoyers. He has a 62.5% completion percentage, he's started games in four different seasons.
What about Rosenfels wouldn't be worth a fourth if you needed a backup with some experience?
What about Hoyers actual production would?
We tend to think the other 31 teams only want our players, but that's not the case.
Is there a statistic on trades involving UDFA QBs with 42 career passes?
Charlie Whitehurst had thrown 0 passes in an NFL game that counted yet merited a 3rd and a swap of 2nds. A review of the pre-season stats indicate Hoyer's are on par, if not better than Whitehurst's.
Drew Henson was a 6th-rounder who was traded for a 3rd-rounder despite not throwing a pass for 4 years. I agree he would have been drafted higher if he hadn't quit to play baseball, but the guy hadn't played in 4 years and still got traded for more than a 7th.
A.J. Feely had a slightly larger body of work, but I wouldn't necessarily call it better than Hoyer's. In 2002, he had the opportunity to start a few games because of injury and he completed under 56% of his passes for 6 TDs, 5 INTs, and a 75.4 QBR, yet the Dolphins gave up a 2nd-round pick.
Matt Hasselbeck had completed 13 of 29 passes for 2 TDs and 0 INTs in 2 seasons in Green Bay when Seattle traded a 3rd and swapped 1sts (letting GB climb 7 spots).
The UDFA seems to be what everyone's hung up on, because history has shown plenty of inexperienced QBs being traded for significantly more than a 7th.
Hoyer's certainly on par with, if not better than other developmental prospects taken in 2009 like Pat White, Stephen McGee, Rhett Bomar, Nate Davis, Keith Null, or Curtis Painter. If he had been drafted in the 3rd round, would that suddenly change his value to the rest of the league?