I am disagreeing with the following statements:
The auction tool's values are still extremely useful in these situations. Critical, I would say. In fact, the entire reason to use an auction draft tool.
Let's say we're talking about RBs, and you want a stud RB, and you think there is a big drop-off after RB5. The auction tool values show the following:
- RB1: $78
- RB2: $75
- RB3: $72
- RB4: $70
- RB5: $68
- RB6: $58
The auction starts and the RBs start to go. The players actually for:
- RB1: $90 (vs. $78)
- RB2: $85 (vs. $75)
- RB3: $83 (vs. $72)
- RB4: $75 (vs. $70)
- RB5: $74 (vs. $68)
- RB6: $63 (vs. $58)
Your job is to be the guy winning RB4. And you only know that because you know what his value is.
Now, your tool should be readjusting the values of remaining players based on remaining dollars. Half of the league has overpaid for RBs, so has less money available for other positions, so WR1's value might have dropped from $60 to $58. But because you overpaid the least, you'll have a little more money than everyone else to bid on him. And maybe you still have to pay $60, but you still need to know his value-over-baseline relative to WR2, and to QB1 and the rest of the positions.