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Re: Colts president Polian says NFL draft needs updating
i agree on the narrow point, but, in this case, he is also protecting the Colts' turf by arguing that what is already a highly regulated market for talent should be subject to further constraints. the more caps, limits, whatever are placed on salaries, the more likely it will be that small market teams like Indiannapolis can continue to get rich.
i know that folks out here like to wax poetic over the benefits of parity, but ultimately any system that constrains the free movement of goods (in this case, talent) for money will give rise to more and more anomolies like the land grab by top draft picks for maximum dollars, in defiance of common sense. in this case, the top (perceived!) talent tries to get as much guaranteed money as possible at the beginning of their careers because they know they are entering a highly regulated system wherein this might be their best opportunity for a big payday, especially if they turn out to be only "good," rather than "franchise" or "great" players, as is the case with the vast majority. that is rational behavior on the seller's part.
if the system were less regulated, you woudn't see these ridiculous pay days before a down has been played. players would know that the league would be able to assess their talent over a couple of years and then give them the money they deserve, without having to plan for a cap four and five years in advance. you would see all but franchise quality players willing to accept two year contracts (instead of five year deals) at the outset at less money than today because they would know that a free market would reassess their value rationally in 24 months and that there would be plenty of teams that are able to pay them what they are worth at that time without cap constraints. conversely, this would limit the damage done by unproven, marginal players who manage to get picked in the first round.
Polian irks us all and seems like a pretty crappy human being, but he obviously knows how to manage a team brilliantly.
i agree on the narrow point, but, in this case, he is also protecting the Colts' turf by arguing that what is already a highly regulated market for talent should be subject to further constraints. the more caps, limits, whatever are placed on salaries, the more likely it will be that small market teams like Indiannapolis can continue to get rich.
i know that folks out here like to wax poetic over the benefits of parity, but ultimately any system that constrains the free movement of goods (in this case, talent) for money will give rise to more and more anomolies like the land grab by top draft picks for maximum dollars, in defiance of common sense. in this case, the top (perceived!) talent tries to get as much guaranteed money as possible at the beginning of their careers because they know they are entering a highly regulated system wherein this might be their best opportunity for a big payday, especially if they turn out to be only "good," rather than "franchise" or "great" players, as is the case with the vast majority. that is rational behavior on the seller's part.
if the system were less regulated, you woudn't see these ridiculous pay days before a down has been played. players would know that the league would be able to assess their talent over a couple of years and then give them the money they deserve, without having to plan for a cap four and five years in advance. you would see all but franchise quality players willing to accept two year contracts (instead of five year deals) at the outset at less money than today because they would know that a free market would reassess their value rationally in 24 months and that there would be plenty of teams that are able to pay them what they are worth at that time without cap constraints. conversely, this would limit the damage done by unproven, marginal players who manage to get picked in the first round.