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Always thought the the whole draft prognostication was an invention of the NFL to perpetuate its brand and make money during the down time in March/April.. millions are spent on mock drafts and draft publications, lots of publicity for the NFL. It starts with the Combine another NFL invention, then on to college pro days and individual workouts..
Never understood how anyone can predict what will happen in the third round on as there are just too many variables..
Then there is Mel Kyper who for some reason has become an expert about guessing..
I enjoy the outcome, but the process seems somewhat convoluted and tilts heavily towards the interest of the league, rather than the teams.
The mock drafts are useful to some degree. It's not about predicting the future, but understanding how certain teams may prioritize need vs. value.
As Eisenhower once said, "In preparing for battle I have always found that plans are useless, but planning is indispensable." Mock drafts treated as a plan are useless for all the reasons you list, but as a planning exercise, can be helpful.