I was interested in knowing what
Book Value would be on the Bounty the RedSkins paid.
Explanation
~ "Book Value" is my term for The Draft Value Chart.
~ I have expanded this to include a 50% Discount ~ per year ~ for Deferred Picks.
~ I have further defined that by projecting most Deferred Picks to fall in the 16th spot.
~ Obviously, when it comes to Value, everything is
subjective ~ a matter of opinion.
~ That most
emphatically includes Book Value, itself.
~ The purpose of this is to compare the Market Value ~ what the Skins paid ~ to Book Value.
My Calculus
Book Value of #2 =
2600
***
Book Value of #6 = 1600
Book Value of 2013 1st = 1000 x 50% = 500
Book Value of 2014 1st = 1000 x 50% x 50% = 250
Book Value of #39 = 510
Package Book Value =
2860
Heh!! The Skins paid exactly
a 10% Premium for RGIII, IF you buy my definition of Book Value!!
Notes
1 ~ 250 Points may seem ridiculous for the 2014 1st Rounder ~ especially for a team that was going to pick 6th in 2012 ~ but the history of trades ~
upon which the Draft Value Chart is based in the first place ~ makes it clear that, if they get reasonable Market Value, the Skins could trade the 2012 #70 ~ 240 Points ~ for a 2013 2nd Rounder from a pretty lousy team, with the reasonable expectation of turning that around, next year, for a pretty sweet 1st Rounder in 2014...so the math clearly holds up.
2 ~ It's interesting that virtually the entire
Premium of this Trade ~
260 Points ~
was the 2014 1st Rounder.
3 ~ It is certainly highly arguable whether or not it is appropriate to assign a "Mid Round" value to the Deferred Picks of 2013 and 2014. Personally, I think it makes perfect sense in most cases, due to the parity in this league, and I think it makes perfect sense in this case, because Coach Shanahan is entering his 3rd year of implementing his Schemes, and because the QB position should be dramatically improved over the disasters of the last two years...But one could
easily make an Argument ~ and I'd be delighted to read them!! ~ that the RedSkins Picks should be accounted for at an even
higher value, simply because the Skins have
sucked for three straight years.
4 ~ This certainly has the potential to go down as a
WaterShed Moment in trading Deferred Picks at their standard steep Discounts. The fact is, of course, that whether it pays to do so is a matter of opinion, one on which we seem to be more'r less evenly divided, hereabouts.