What is the greater failure? Having a 1st round pick that does not stick around for his second contract, or a player that is here for 8-10 years?
Chandler Jones vs Hightower? Jones was a 1st round 'failure' for the Patriots from my perspective because we did not keep him beyond his rookie contract.
The failure rate for the draft in general is still really high with 8% of players making any significant contribution above 'replacement level', with barely 30% of the draftees ever seeing any significant playing time to have made any difference. Of course 1st round picks have the best chance to do well.
More analytics haven’t increased the success rate
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Teams have 1 extra year of control with 1st round picks, that is probably the most important reason to pick 1 player over another in the 1st round. Having a guard that protects the teams most important asset (QB) for 5 years is invaluable.
Everyone wants an all star player, but you can only pay a few of them. The Patriots will have a higher success rate getting playmakers via free agency over the draft.