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Draft risky player --> drafting a backup: What's the value of (1 Viewer)

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Footballguy
In my two most recent drafts, I've taken Gronk at what I thought was pretty good value (5.2 and $18!!!). In both drafts, I took a TE in later rounds for insurance. It occurred to me that, if I didn't take Gronk, and taken someone like Vernon Davis or Greg Olsen, I would not have drafted a backup TE. In other words, taking Gronk made me take a backup TE, who is now taking someone else's roster spot. In my auction draft, the effect was immediately apparent in that the person I wanted to fit in was Carlos Hyde, and I couldn't. I looked back at my snake draft and determined the most likely candidate that I sacrificed was Mike Evans.

That got me thinking, risky players come with an added opportunity cost. It's not just what you paid/where you drafted for the player himself, but also who you might have had in place of the risky player's backup/handcuff. In my case, Gronk cost me 5.2/$18, and Mike Evans/Carlos Hyde. Is there a way to quantify this, or at get some vocabulary to talk about it, so value between players can be more completely compared?

 
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