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Some excellent points and likely an insight into what our own economics major sees when he contemplates trading up in the first round of a draft. He points out that not only is player value impacted by the current financial imbalance at the top of the first, it is also impacted by the compensatory imbalance in the draft charts and this is due in part to the random liklihood that a player selected 1 pick earlier will outperform one selected one pick later (52% by their analysis or roughly a coin toss...) or the liklihood that any one player selected in the top ten will outperform a combination of 2 players selected later in the first and in the second round (the projected cost to trade up just 6 spots basically from outside the top 15 into the top 10...)
This Times piece, which proposes corporations could also learn a lesson from the analysis, wraps up with a good business sense nod in our direction...
Economic View - When a First Choice May Not Be the Best Choice - NYTimes.com
This Times piece, which proposes corporations could also learn a lesson from the analysis, wraps up with a good business sense nod in our direction...
So maybe companies shouldn’t pay big bucks in the desperate hope of getting the equivalent of a Peyton Manning, who was the first overall pick in 1998 and, of course, has proved his superstar value. Instead, maybe they should dig around for a replica of Tom Brady, who was the 199th pick in the 2000 draft and has gone on to play in four Super Bowls, winning three.
Economic View - When a First Choice May Not Be the Best Choice - NYTimes.com