I'm not the writer of this blog nor do I endorse it in anyway. Just thought it was an interesting article. I'm not a math whiz so I don't know if everything is correct, I just wanted to see what people thought about it since everyone is always talking about rookies being paid too much. Not sure if this goes in this forum...sorry if it needs to go in the NFL forum.
The conclusion of the paper is that team executives and scouts overpay for the top picks in the draft relative to the later picks, likely due to overconfidence in their ability to identify the best players. But what might surprise some readers is that rookies at every level of the draft are bargains compared to equivalently performing veterans.