One way to look at the way BB/SP operate 1 is to see their moves as investment decisions. Let's say the day-1 draft was an investment club, where the 1st overall pick is worth $100k, the 2nd overall pick $99k, our #24 was worth $76k, our #28 was worth $72k, and our #91 was worth $9k. The rules are that you can spend each pot of money on an asset now, or invest it and buy another asset a year from now. Assume that you're fairly well off to begin with (which they are), and have recently spent a lot acquiring other assets (FA's). So what the Pats did with their three pots yesterday was: 1) spend $76k on an asset that was worth at least $76k (Merriweather); 2) with the $72k, the only assets available to buy were worth less than $65k, so rather than take that 10% hit, they invested in a stock (SF's 2008 #1) that's guaranteed to be worth at least $80k within 1 year (20th pick), with a chance to be worth $90k (10th pick). That's a gain of 20 to 40% as compared to buying today's devalued asset. Plus they got a dividend right now of about 1%, which admittedly was a little below normal market (the high 4th). 3) with the $9k, again there were no assets to buy worth 9k, so they invested in a stock (Raiders #3) that's guaranteed to be work at least $20k in a year (pick 80), and may be worth $30k (pick 70). That's a 200-300% gain. Plus they got a small kicker this year (a 7th). That's the way they think. That's what they mean when they talk about "value". They take the emotion and the people out of it, and look at it as asset trading. Those 10% and 20% gains add up as compared to what other teams do. I think Kraft probably played a role in developing this view of managing players and picks as assets. ps: and because it's an investment activity, not a football activity, the Pats' draft is not always a good spectator sport, as they proved yesterday.