SSOG, good discussion, but I disagree about perceived value and actual value. Many times perceived becomes actual value if you trade at that moment. KJ's actual value in a trade will go up because of the perceived value. I don't see how you can separate them. Also, perceived value may be someone's thought on a player for their team and that becomes their actual value in evaluating worth. Not sure how this can't be true. Now the actual value of the player may not or may exceed the perceived value as of "right now" but that can be said for actual value for "right now" as well. You can't look (well you could) at history and say "see" his perceived value was not up to his actual value after watching him play. I guess my point is that at a moment in time is perceived value IS his actual value and the both change with every event.
I think we're defining the terms differently.When I say "actual value", I'm talking about an unknowable absolute. It might be that Torry Holt is going to get 60/1000/5 over the rest of the season. That's his "actual value". Of course, there's no way of knowing this ahead of time, we can only GUESS at what his actual value might be. Those educated guesses that we make regarding Holt's actual value are his "perceived value". Now, let's say that my educated guess is that Holt will get 40/600/2 over the rest of the year. Holt's ACTUAL VALUE in this instance is greater than his PERCEIVED VALUE (or at least, his value as *I* perceive it).Since actual value is unknowable, when I am discussing actual value in real-world terms, I'm usually discussing my perceived value for him, and when I say "perceived value" I am referring to his general consensus value. I'm going to naturally assume that my projections are right (if I didn't think they were right, I'd change them until I did

), so I accept my projections of a player's value as fact. At that point, if those projections are HIGHER than the general consensus for that player, that player is UNDERRATED (i.e. his "perceived value" is lower than his "actual value") and a prime candidate to trade for. If those projections are LOWER than the general consensus, that player is OVERRATED (and therefore a prime candidate to unload).In my projections, both Turner and Mike Bell have very comparable values. As a result, for the sake of convenience, I say that their ACTUAL VALUES are very, very close. However, the general consensus is a lot higher on Michael Turner than it is on Mike Bell, so I therefore say that, while their ACTUAL VALUES are close, Turner's PERCEIVED VALUE is much higher. If I'm going to simply hold them both on my team over the course of the year, Actual Value is the part that's important to me (I want to hold the players who I think will do the best). If I might consider trading, then Perceived Value holds more weight (it doesn't matter what *I* think of a player, it matters what my trading partner thinks).Did that clear up the confusion?