Liquid Tension said:
I look at the concept being floated more than actually letting time expire. The very fact that teams would even consider this (even if only for a moment) shows that something needs to be done about the money going to rookie players. There needs to be a lower and possibly set cap for rookies so that draft order means a lot to the league rather than burdening an already weak team with the possibility of another Ryan Leaf.
This "saved" money should not go into the owners pockets, but should go to the players in terms of veterans getting more and the rest going towards pensions and medical costs (H&W) for retired/injured players.
This makes too much sense not to happen and the good part about this somewhat silly hypothesis is that maybe this will shine some light on the possibility I believe makes sense.
Liquid Tension said:
'Chase Stuart'
No there shouldn't. Teams should not be rewarded any more for incompetence, and kids shouldn't have money stolen from them by veterans or owners. I think doing away with the draft, entirely, is a much better idea than capping the rookie picks.
Could you elaborate?
It sounds like you did, already, LT.Let me ask you this: Would you be happy if your work decided to take away 15% of your salary, and then take that "saved" money and give it to the retired workers of your company?
Most companies don't pay their employees for their perceived production. The typical employee's worth curve might be low in the beginning, rises sharply for the first 5 years, stays high for another ten, then begins to drop-off as they age. That's what your average employee is worth. No one wants to be paid that way, though. We, as employees, desire steady income. And social science has shown that the masses are happy (think bread and circus here) if you increase their pay slightly each year. So that's what we get -- a pay structure that keeps us happy, keeps us with steady income, and reduces our risk. But it
doesn't match our production. We accept low pay in our early years because we know we'll be overpaid in our later years. And that's fine with us -- we think that's a good deal. And if companies tried to fire all their old, overpaid workers, then all their young, underpaid workers would see that in leave. So that's our system.
In the NFL, though, players are paid based on their perceived potential. That's why it seems so backwards to us. They're not paid steadily rising incomes, because they'll be with different employers every other year. Instead, they've got to be paid what their worth (which means expected worth, since you can't pay someone based on their future production, because you can't predict the future). NFL teams are willing to pay rookie QBs drafted #1 a ton of money, because the marginal value they add -- especially in years 3, 4, 5 and 6 of their rookie contract -- is off the charts, if they do well. And NFL teams wouldn't draft the player if they didn't think they would do well.
We have a salary cap in the NFL. What this means is that you can spend money however you want. You could spend $100M on free agents and $0 on draft picks, or $60M on free agents and $40M on draft picks, or somewhere in between. If NFL draft picks at the top were so overvalued, then teams would just give up draft picks and sign free agents.
But we just saw how "overvalued" free agents are. So they're not going to do that.
If you want to compare a draft pick to a star QB in the second to last year of his contract to show an inequity, that's fine, but silly. Of course that won't look "fair". But if you compare a star rookie QB to the top FA available, they seem a lot more fair. And since the studliest of the stud QBs don't come on the market -- you literally can't acquire Tom Brady, Peyton Manning, Ben Roethlisberger, Tony Romo, or Brett Favre -- you need to draft them. So teams will (wisely) pay a premium just for the chance to get them.
There's a reason no team voluntarily gives up its first round pick, and no team trades the #3 pick for the #11 pick, and it's not because GMs are stupid or because the high draft picks are overvalued. It's because they're good deals.