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Confusion over Belichick's non-trade with SF on Pick # 33 in draft

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Wow, I don't even remember that conversation! But let's try it...I'm going to find the last 3 QBs taken in some drafts old enough to judge:

2005: Ryan Fitzpatrick, Matt Cassel, James Kiliam
2006: D.J. Shockley, Bruce Gradkowski, Reggie McNeal
2007: Tyler Thigpen, Jordan Palmer, Troy Smith

Not bad at all! Each year has yielded at least one QB who has started multiple games in the NFL. Now without peeking I'm going to randomly choose...let's say the 1st QB taken in round 3 of each of those years.

2005: Charlie Frye
2006: Charlie Whitehurst
2007: Trent Edwards

Interesting. Realistically, you can't run your whole draft this way -- and the "bulk" approach could look much worse for positions that are easier to project from measurables.

But if you're a team seriously in the market for a developmental QB to take over in 1-2 years, piling up on 7th rounders doesn't look like a bad way to go.

GOSH, Sister Pat, why didn't I ever recommend that sort of philosophy??

I seem to remember you coming down pretty emphatically against rolling up Day 3 QB prospects, when I quite recently did so.

Welcome aboard. .
 
According to the Draft Value Chart, one mid first round pick is equal to 44 mid sixth round picks, and hitting on a cornerback with a first-round pick is far from guaranteed. I do believe it may be possible to learn some things from contemplating a bulk strategy even though it is impossible to actually use it. Maybe one could derive a usable strategy from reflecting on it.

This chart is by Defensive Backs which is just the way they do it:

All-Time Draft Listing: DB 1980 -- 2010 - Pro-Football-Reference.com

Just eyeballing it, it looks as if there is not much difference between choosing a cornerback in the first round and in the second round. Some years have only a few misses; some have a lot.

Some good Defensive Backs are chosen in last three rounds. I am not up to counting whether it is one in 20, or in 44, or in 108 (which is the mid first round to mid seventh round figure), and it would not prove anything anyway. Hits seem to have been more frequent before 1990, but a number of them come after round seven and would be undrafted free agents now.

The info at the link is nice to have. I've always wondered what an approximate "ROI" (performance value compared to "Draft Chart Value spent) might be broken down by position.

I've also often wondered how various teams have done in each draft in terms of approximate total "ROI".

These charts should certainly help.

Thanks!
 
Ah!! The benign benefits of Fizzy Lifting Drinks...

I'm currently into my second one, and, sure enough, I'm at the Sweet Spot where I was actually able to navigate with enough patience to digest the last 60 posts...

And, frankly, it was delicious reading.

***

Seems to me that Brother Pluck ~ close that account and get yourself a REAL name, young man!! ~ rather unceremoniously segued from The Value Chart ~ Book Value is the term I'm fond of ~ to Return On Investment ~ the correct term, and the one Brother Maine just introduced to the discussion ~ and proposed to Reverse Engineer the purported Values of the Picks based on what we can all agree is a subjective formula ~ Pro FootBall Reference's ~ for assessing the aggregate historical performances of the broad database of players.

Looks like we're getting dangerously close to spitting out a Price to Earnings Ratio!!

For the record, Brother Pluck, this would've gone smoother if you had explained what you were doing more clearly. I'M not about to judge you harshly, Bro: it's something I've been guilty of, myself, from time to time!!

But the exercise ~ crunching formulaic Returns On Investment to Reverse Engineer a different notion of the Values of Picks ~ is certainly an interesting one, pursuant to uncovering "inefficiencies" in the SVC or Book Value approach, insofar as one can hope to produce numbers that truly paint an accurate picture of each player's true impact on their teams.

However, I would suggest that the Arguments that Sister Patricia and Brother Maine have put forth are winning ones: The Market Value is, and always will be, That Which Someone Is Willing To Pay, regardless of what historical formulas and Reverse Engineering suggest it ought be. And the impracticality of integrating very many Late Rounders into a roster strike the vast majority of the theoretical benefits of hoarding Late Rounders...moot.

And I would emphasize that the SVC IS very much Book Value on these Picks, which is to say that it is universally understood to be meant only as a reference, much as the Blue Book value of Cars is.

Ultimately, I strongly suspect that the "inefficiencies" ~ opportunities!! ~ that all this calculating would uncover ~ between Book Value and True Value, if you will ~ is, by and large, already accounted for by Coach Bill and his colleagues.
 
New numbers for the 1st Round / Late Round QB topic.

I used an CarAV cutoff of 31. Just above that are QBs like Kyle Orton, Rick Meier, Steve Bono, Byron Leftwich, and Charlie Batch. Just below are Vince Young, Joey Harrington, Tim Couch and Mike Pagel.

Obviously CarAV is biased towards career longevity. Aaron Rodgers has an CarAV of 48 while David Carr's is 44. It's also biased towards opportunity; i.e. even a bad 1st round pick like Dave Brown or Tim Couch is going to start some games by default, which is why they have much higher CarAV's than, say, Ryan Fitzpatrick.

Years sampled were from 1970 to 2006. Rounds were divided based upon the 2011 round splits, with the exception of the 7th round, which went to 254 this year, whereas I used a more common number, 256 (had to in good conscience include Don Majkowski, 255).

Code:
[B]1970-2006 QBs w/CarAV > 31[/B]
1st: 46/85	54%
2nd: 14/47	30%
3rd: 11/58	19%
4th: 8/52	15%
5th: 4/55	7%
6th: 6/60	10%
7th: 7/83	8%

Let's say you were to substitute developing Day 3 QBs for drafting a 1st round QB. 17 out of 198 "Day 3" QBs from this period have a CarAV of 32 or higher. Selecting blindly, you would have to take nine QBs to have the same odds you have when blindly selecting one 1st round QB:

Code:
1-(181/198)^9 = [B]55%[/B]

The median value for a Day 3 draft pick is ~20. The median value for a 1st round draft pick is ~1,000. So you'd come out ahead on the draft chart.

But of these Day 3 QBs, only Tom Brady, Gus Frerotte, Mark Rypien and Don Majkowski had some success with their original team. Matt Hasselbeck, Stan Humphries and Matt Cassel were successes in that they were traded for improved draft picks. The other 10 did not pan out for their drafting teams.

Keep in mind that still is only a 50/50 shot at eventually getting a decent QB. If you wanted 2-to-1 odds in your favor, you'd have to take 12 QBs. 75% chance? 16 QBs. And so on. Really makes Tom Brady/Kliff Kingsbury/Matt Cassel/Zac Robinson look all the more remarkable.
 
For the record, Brother Pluck, this would've gone smoother if you had explained what you were doing more clearly.

All I was trying to do was to encourage people to read a very interesting chapter in an interesting book. Then I got suckered into trying to explain what the book said. In retrospect, I realize I should not have done that, and I hope I've learned my lesson. I think is a very simple point, but it is clear some people have a lot of trouble understanding it.

Market value is price times however you many units you own. It is not the same as value.

As someone who is in finance, I am fully aware of the discrepancy between value and price.

Book value has little relevance to this discussion.
 
All I was trying to do was to encourage people to read a very interesting chapter in an interesting book.

Then I got suckered into trying to explain what the book said.

JUST when I thought I was OUT...



In retrospect, I realize I should not have done that, and I hope I've learned my lesson. I think is a very simple point, but it is clear some people have a lot of trouble understanding it.

Sister Patricia and Brother Maine are two'f the very smartest folks on this Site. It seems clear that they perfectly understood your point, and disagreed with some aspects of it with some very cogent, clear, and powerfull Arguments.

Book Value has little relevance to this discussion.

I disagree: it's got immense relevance, because it is precisely Book Value ~ or the SVC, as Brother Maine puts it ~ that your formulaic approach proposes to oppose.
 
Sister Patricia and Brother Maine are two'f the very smartest folks on this Site.

Patchick has acknowledged that she did not understand what I was saying. MaineMan's comments were intelligent, but he jumped into a thread that he had not read all of. As a result, what he wrote had very little to do with what I was saying.

I disagree: it's got immense relevance, because it is precisely Book Value ~ or the SVC, as Brother Maine puts it ~ that your formulaic approach proposes to oppose.

Book Value is a technical term. It does not just mean a value recorded in the book. Look it up.
 
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Based on data in this thread I would have to take a QB with every pick in my draft and hopefully finding one that works with the %s being for the 1st rounder.

I would like to suggest a variation on the quite interesting strategy above just in case someone else might be intrigued.

Say a club will need a quarterback in a year or two, and they have a mid-to-late first round pick. How about if they use the first round pick on their best bet for a non-quarterback reliable starter (a draft that produces a reliable starter is not all that bad a draft no matter what else happens), and then use the rest of their picks on quarterbacks.

I have no idea what the probabilities are, but one advantage of this approach is that watching the heads of the commentators explode would be great live television.

The media and internet furor would be entertaining in a perverted sort of way.
 
Book value has little relevance to this discussion.

It doesn't have much relevance to my prior comment either. :confused2:
 
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It doesn't have much relevance to my prior comment either. :confused2:

I did not mean to imply that it had any relevance to your comment if that is what you think. I was trying to say that book value has very little relevance to a discussion of the draft value chart.
 
Hi Oswlek,

Maybe I understand the confusion.

I wrote
plk said:
Market value is price times however you many units you own. It is not the same as value.

And I quoted you in support of that statement.
Oswlek said:
As someone who is in finance, I am fully aware of the discrepancy between value and price.

A number of people do not seem to understand the difference between value and price. (For the benefit of other readers, every time a stock exchanges hands, two parties agree on a price, but they typically disagree on the value of the stock.)

To say it once again: The Draft Value Chart was composed based on the prices of draft picks as determined by actual trades. There was no attempt to determine the actual value of those picks. Maybe the GM's who made those trades had a terrific intuitive sense of the values involved; maybe they didn't. That is really all that I am saying.
 
Patchick has acknowledged that she did not understand what I was saying. MaineMan's comments were intelligent,

Thanks. I guess.

. . . . but he jumped into a thread that he had not read all of. As a result, what he wrote had very little to do with what I was saying.[

In fact, I had read the entire thread - even re-read a couple comments to make certain I understood them - BEFORE your first comment which "suspects" that BB "realizes that the chart is useless and does not use it."

The subsequent discussion (which I did read and RE-READ several times) appeared to begin with a claim something like, "the original design of the Draft Value Chart is 'flawed' and, thus, 'unreliable'." Which made me ask myself the question, "'Unreliable' for what?"

As far as I knew, Mike McCoy developed it in 1991 for Jerrah Jones as a shorthand for determining an approximate, history-based, fair "exchange rate" for pick-for-pick trades, just to make sure they didn't get totally hosed since they had about a gazillion of them that year. It had nothing whatsoever to do with the actual ultimate performance value of the actual players selected with those picks. IOW, it wasn't designed or intended to be anymore "predictive" of player performance value than the pick order itself - it was merely a translation of that pick order to make the math easier when exchanging picks with other teams while working on a deadline. Nothing more, nothing less.

It subsequently became clear that this was exactly the complaint about the Chart and its original design - that the design made it NOT accurately predictive of the ultimate player "quality." Which caused me to think, "Right. And water is wet. Am I missing something? I mean, since this guy keeps telling me that I just don't understand because I jumped into the middle of the discussion."

Then the discussion got on to, essentially, playful thoughts regarding perhaps a re-design of the chart that WOULD incorporate this predictive feature, eventually leading to you posting a link to the marvelous work done by Chase Stuart at PFR (published exactly three years ago today) in which he compares the AVs of selected players by pick order (his chart) to SCV and finds that . . . . they're actually not that far apart. There are discrepancies between them at certain areas along the curves, but, he concludes,

"I've been thinking about this for a bit, and I've come to the conclusion that my draft chart is correct... and so is the NFL one. How can that be? In short, they measure different things."

So, to sum, I'd really like someone to - please, please, pretty please with a cherry on top - explain to me WHAT THE HELL IT IS THAT I'M "NOT GETTING"!
 
Thanks. I guess.



In fact, I had read the entire thread - even re-read a couple comments to make certain I understood them - BEFORE your first comment which "suspects" that BB "realizes that the chart is useless and does not use it."

The subsequent discussion (which I did read and RE-READ several times) appeared to begin with a claim something like, "the original design of the Draft Value Chart is 'flawed' and, thus, 'unreliable'." Which made me ask myself the question, "'Unreliable' for what?"

As far as I knew, Mike McCoy developed it in 1991 for Jerrah Jones as a shorthand for determining an approximate, history-based, fair "exchange rate" for pick-for-pick trades, just to make sure they didn't get totally hosed since they had about a gazillion of them that year. It had nothing whatsoever to do with the actual ultimate performance value of the actual players selected with those picks. IOW, it wasn't designed or intended to be anymore "predictive" of player performance value than the pick order itself - it was merely a translation of that pick order to make the math easier when exchanging picks with other teams while working on a deadline. Nothing more, nothing less.

It subsequently became clear that this was exactly the complaint about the Chart and its original design - that the design made it NOT accurately predictive of the ultimate player "quality." Which caused me to think, "Right. And water is wet. Am I missing something? I mean, since this guy keeps telling me that I just don't understand because I jumped into the middle of the discussion."

Then the discussion got on to, essentially, playful thoughts regarding perhaps a re-design of the chart that WOULD incorporate this predictive feature, eventually leading to you posting a link to the marvelous work done by Chase Stuart at PFR (published exactly three years ago today) in which he compares the AVs of selected players by pick order (his chart) to SCV and finds that . . . . they're actually not that far apart. There are discrepancies between them at certain areas along the curves, but, he concludes,



So, to sum, I'd really like someone to - please, please, pretty please with a cherry on top - explain to me WHAT THE HELL IT IS THAT I'M "NOT GETTING"!

Since you understand that the chart was based on trades, and not on any attempt to determine the relative value of picks based on historical results, then you understand almost all that I am saying.

In addition to that, I am saying that if you base your trades on an accurate perception of the picks relative value, you are going to make more advantageous trades than if you base your trades on an incorrect perception of value.

Because of the way that the Draft Value Chart was constructed, it is not clear that it accurately reflects the relative values of picks. Perhaps the GM's at the time had a great intuitive sense of relative value. Perhaps they did not. I don't know.

I suspect that Bill Belichick has a very sophisticated sense of the relative value of picks. Maybe this is the same as the Draft Value Chart; maybe it isn't. I have a strong suspicion that it isn't.

The above is all that I am saying. It is all that I have any interest in discussing.

My problem with your posts is not that they don't contain good points, or that I don't agree with them, but that I don't understand their relevance to the the very simple points that I am making. Maybe something was there, and I missed it, but there was a lot of other stuff that, however interesting, is not responsive to what I am saying. And if you don't respond to what I am saying, I get the impression that you don't understand it. I charitably assumed it was because you had not read the earlier posts.

I described one of your posts as being a 90° to what I am saying. That sort of covers it.

You can't argue with me about how close the draft value chart comes to reflecting actual value, because I've said repeatedly that I do not know.

If you want to argue that there is no advantage to a GM having a chart that reflects the actual value of the picks, then that would be interesting.

If you want to argue Bill Belichick regards the Value Graph Chart as very accurate in reflecting value, that would also be interesting although I'm quite sure his view of the chart is unknowable outside the Patriots organization.

You can't argue that I've said the Draft Value Chart is in general useless, because I said it in the context of BB likely having a better one. As I pointed out, even to BB, it is useful because it tells him how other teams will value trades.

First of all, there's nothing "OFFICIAL" about the Standard Value Chart. There are no "rules" enforcing it on anyone, it's merely a standardized reference GUIDELINE.

Posts such as the above did give me the impression that you did not understand what I was saying. It was, as I pointed out before, a joke, and I would've thought an obvious one to anyone who had read the earlier posts.

You can obviously post anything that you want to, but if are going to quote me, then try to respond to what I am saying in the thread and not just to your perception of what I might be saying based on a snippet.
 
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Let's say you were to substitute developing Day 3 QBs for drafting a 1st round QB. 17 out of 198 "Day 3" QBs from this period have a CarAV of 32 or higher. Selecting blindly, you would have to take nine QBs to have the same odds you have when blindly selecting one 1st round QB

Absolutely -- if you're in the short-term market for a franchise QB, you can't play the lottery with a couple of late-round picks. But if you're looking less urgently for a backup who might be able to take over the reins in a couple of years, a 6th + a 7th is a draft-currency-cheap alternative to a 3rd. (Of course, in the end each player is an individual. Ryan Mallett, for instance, isn't a typical 3rd rounder.)

BTW -- Off the Grid, I'm honestly not sure which conversation you're referring to. I've always advocated drafting an annual developmental QB as a worthwhile late-round lottery ticket. But it's certainly possible that I've expressed every possible opinion on the same issue over the years. If so, I'll call it "mental flexibility."
 
Book Value is a technical term.

It does not just mean a value recorded in the book.

Look it up.

Wrong AGAIN, Francis!!

As it was I who introduced to term to the conversation, as an extremely apt colloquialism for the prevalent use of the SVC as a "ballpark figure" ~ and which was evidently clear enough for everybody but you to keep up with ~ I suppose I know a little bit more about its use on this subject than you do.

But, then: If you spent a little less time sarcastically lashing out at others, throwing tantrums, and spinning Straw Men out of thin air, you'd probably spend less time looking both foolish and remarkably arrogant.
 
Wrong AGAIN, Francis!!

As it was I who introduced to term to the conversation, as an extremely apt colloquialism for the prevalent use of the SVC as a "ballpark figure" ~ and which was evidently clear enough for everybody but you to keep up with ~ I suppose I know a little bit more about its use on this subject than you do.

But, then: If you spent a little less time sarcastically lashing out at others, throwing tantrums, and spinning Straw Men out of thin air, you'd probably spend less time looking both foolish and remarkably arrogant.

You go out of your way to use several financial terms in your post. If you are going to do that, you cannot just change the meaning of a standard financial term and say that you want it to mean something other than what it always means in a financial context. Do you have any idea what Book Value actually means? It seems you did not even bother to use Google to find out.

From your post, I gather that you are still drinking. You may have a problem. I suspect you are also smoking something.
 
Hi Oswlek,

Maybe I understand the confusion.

I wrote

And I quoted you in support of that statement.

A number of people do not seem to understand the difference between value and price. (For the benefit of other readers, every time a stock exchanges hands, two parties agree on a price, but they typically disagree on the value of the stock.)

To say it once again: The Draft Value Chart was composed based on the prices of draft picks as determined by actual trades. There was no attempt to determine the actual value of those picks. Maybe the GM's who made those trades had a terrific intuitive sense of the values involved; maybe they didn't. That is really all that I am saying.

Yes, this was precisely what I was trying to convey with my brief post. Thanks for clarrifying your intentions with the earlier post.

Even beyond what you say, not only will they disagree on the value, but in many cases both are completely wrong about value despite coming to an agreement on price.
 
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Yes, this was precisely what I was trying to convey with my brief post. Thanks for clarrifying your intentions with the earlier post.

At the time that I quoted you, I was desperate for some way to support the idea that "price is not the same as value " is not just some eccentric, individual notion of mine.

I don't think of it as a hard concept. I'm reminded of it every time I walk into a supermarket. But apparently a lot of people don't think that way.
 
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At the time that I quoted you, I was desperate for some way to support the idea that "price is not the same as value " is not just some eccentric, individual notion of mine.

I don't think of it as a hard concept. I'm reminded of it every time I walk into a supermarket. But apparently a lot of people don't think that way.

I'm pretty sure everybody does agree, but it's often hard to tell in a messageboard conversation which the person means. Plus I might have mentioned that "value" is a slippery concept in itself.
 
I was really surprised they didn't trade that pick but I think Belichik set a value of 2 2nd's and wasn't going to budge on that. When no team was willing to do it he pulled the trigger on the player they wanted. Peter king has absolutely no idea whether Dowling would have been there at 45 and is simply making things up if hew claims to. My guess is that Belichik believed Dowling was going to be off the board soon and wasn't going to risk losing him.
 
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