You Will Never Look at the NFL Draft the Same

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Published 2023-08-02
Ever wondered what the market efficiency is for the NFL draft? That is...how billion dollar organizations choose and trade their players, and whether or not it lines up with what the data/math says they should do?

The NFL Draft is a worldwide spectacle held once per year. A day where the success of a team hangs in the balance. One wrong move and you could be set back years behind the field, one great move and you could ensure success for many seasons to come.

With all this pressure on the draft and the success of a franchise in the balance, how do teams determine the value of these picks? How do they determine what is the best return for trades on current and future assets as well as active players?

Most importantly why do teams keep on making bad picks? The teams are billion-dollar organizations run and staffed by some of the brightest minds alive. Yet year after year teams make terrible franchise-altering choices around the draft. What causes teams to do this, and what could they be doing differently?


:00 The NFL Draft
2:28 Disruptive Draft Data
3:30 The Chart
4:45 Compensation & Performance Analysis
5:40 Draft “Skills”?
6:52 “Go Get Ur Guy”
9:54 Surprising Surplus Value
11:07 Causation Theories
14:49 Other Sports
15:20 Time

Citations

National Football League
Richard Thaler and Cade Massey Research Paper
www.nber.org/system/files/working_papers/w11270/w1…
"Misbehaving" (book) by Richard Thaler
Pro Football Talk




#nfl #NLFDraft #nfltrades #nfloffseason #2023draft #2022Draft #1999Draft #peytonmanning #ryanleaf #rickywilliams #rg3 #MikeDitka #tombrady #tombradygoat #bryceyoung #carsonwentz #panthers #bears #patriots #buttfumble #marksanchez #nfltrade #nfltraderumors #nflplayoffs #draftbust #bust

All Comments (21)
  • Bro I just subscribed. You honestly one of the best content creators I have seen. I dont even watch football and I still watched the video from start to finish.
  • @Nichrysalis
    There's a reason why teams like New England, Green Bay, Pittsburgh, Seattle, and Baltimore are so sustainably successful. Consistently ensuring compensatory picks and always making sure to sacrifice some of their draft haul for the future draft haul pays huge dividends.
  • @josepht8746
    10:52 a big reason why late first round picks are better value than early first round picks is because the late rounders are going to good teams. Easier to perform well on a good team with better coaches, teammates, front office, culture, etc
  • @RaiderNation28
    The fact that the video was made 4 months ago and now you look at this in hindsight.. it's just absolutely hysterical comical what the Panthers have done 😂 because look at them now... just wow
  • @jrm78
    That Panthers trade for Bryce Young is looking disastrous for them right now. DJ Moore is a Pro Bowl receiver and they gave the Bears the #1 pick in the upcoming 2024 draft. Chicago can easily repeat the process by trading down and reaping another bounty of draft picks in return. Who knows? Maybe that team will be a complete mess and gift the Bears the #1 pick in the 2025 draft because they had their hearts set on getting one specific player.
  • @vanadium1603
    One thing I noticed, following the Seattle Seahawks the last decade, our front office really understands that first rounders are overvalued. With a few exceptions, we've always traded down the draft to secure more plentiful and cheaper rookies. Yes, we may miss out of the all star signings most years, but often times were able to find a few good players that fell down the draft that over preformed their round pick.
  • @KTF0
    This actually made me understand the Herschel Walker trade more. Jimmy Johnson didnt have a 4 year window, he had a 10 year contract. He was invested in the long term success of the Cowboys (even tho it didn't end up yhst way). When he left they won their second Super Bowl with the youngest team in the league.
  • @pointOFimpact07
    Interesting piece. I think one critical aspect that is missed is that each team not only has a finite amount of money to spend, but also a finite number of players to spend it on (53 man roster). Even if the $ value proposition of a late first round pick may be higher, the value added to the team based on them only taking a single roster spot may balance out that equation.
  • @nickbrizzi3104
    Data Analytics graduate here who also makes some videos (unrelated to analytics). 1. Dude this video is fire. The editing, graphics, audio quality, and script are all top notch. Also, your fit, and the books in the background pair for a very professional looking output. 2. The relative value of descending picks match up incredibly closely to your estimate. Almost never in statistics do you see this accurately measurable of an association. Good stuff.
  • @mathlover5k
    To be fair, Wentz was a key contributor to the Eagles in their Super Bowl year. It's resulting a bit, but... you can't argue with a Super Bowl
  • @hectorwatt9712
    I also think that the quarterback trades and the higher value of top picks is a bit skewed because of how much QBs are over drafted. They are picked so high because if you hit on a qb your franchise can be set for years. AR wasn’t the 4th best in the class, Tre Lance wasn’t 3rd and even Mac Jones wasn’t close to 15th. This hurts the value at the top pics because guys who should be late second rounders get drafted insanely high
  • @lucasborja3797
    Carson Wentz trade up was a success, especially comparing it to Jared Goff, Eagles won a SB partly due to his performance in 2017 and he was a good QB until 2020 to then he got traded for a haul that played a massive role into getting back to the SB. So definitely not the failure it’s portrayed here
  • @northdakotagamer
    One thing to note about trading down is that since you only have so much playing time available, acquiring 1 superstar player can help your team more than 2 really good players at a given position. It’s easier to find superstars when you’re pool of players is every player instead of every player minus whatever number are already taken. Often times bad teams are bad because their personnel department is bad and will often misuse top picks
  • @kyledabearsfan
    As a Bears fan, I think this was just the universe throwing us a bone for once in a long while. Lovie Smith never gave up on the Bears. Also, loved the video, it was very well scripted.
  • @konnorkinser9468
    The lower value of early 1st rounders is directly linked to the teams picking high in the draft having huge needs. They are usually forced into taking a QB, Edge, or OT that high because it’s the biggest need and they tend to draft the best at that position but that player may not be the best player overall. That’s why you see teams picking later in round one get a more valuable pick because they can draft BPA with a lower salary slot. Goff and Wentz weren’t the best players available that year it was Joey Bosa, Jalen Ramsey, and Ezekiel Elliott were better prospects but the rams and eagles traded up because need outweighed talent and they couldn’t wait in their eyes. The 2016 draft was one especially packed with high value players after the first round so they missed on even more premium talent than usual. Chris Jones, Kenny Clark, King Henry, Mike Thomas, Tyreek Hill, Dak Prescot, Matt Judon and many others.
  • @virajs.8864
    I think positional value plays a factor here. Hitting on an elite QB is franchise changing.
  • @AdamKlownzinger
    Late first round picks are tremendous value especially when you’re an organizationally strong team going after players FROM strong organizations. I think of Tre White going from LSU to Buffalo or Donta Hightower going from Alabama to New England.
  • @ricedaddy88
    Don't forget that one of the biggest reasons the Cowboys trading Herschel Walker was such highway robbery was that the players they also got, they weren't actually wanting, they wanted to potential draft picks they could get for them. Jesse Solomon got them a 1st round pick in 1991, David Howard got them Minnesota's 2nd round pick in 1991, Issiac Holt got them the 1992 1st round pick, trading Darrin Nelson got them the 2nd round in 1992, and Alex Stewart got them the 3rd round in 1992. All these pics were basically "stolen" from Minnesota.
  • @tylerwillis1961
    12:28 Average NFL GM tenure being 2.1 years seemed impossibly short, so I ran the numbers. It's 7.4 years Arizona Cardinals: Monti Ossenfort, hired 1/26/23 (0.5 years) Atlanta Falcons: Terry Fontenot, hired 1/19/21 (2.5 years) Baltimore Ravens: Eric DeCosta, hired 1/11/19 (4.6 years) Buffalo Bills: Brandon Beane, hired 5/9/17 (6.2 years) Carolina Panthers: Scott Fitterer, hired 1/14/21 (2.6 years) Chicago Bears: Ryan Poles, hired 1/25/22 (1.5 years) Cincinnati Bengals: Duke Tobin, hired 1/1/02 (21.6 years) Cleveland Browns: Andrew Berry, hired 1/27/20 (3.5 years) Dallas Cowboys: Jerry Jones, hired 1/25/89 (34.5 years) Denver Broncos: George Paton, hired 1/13/21 (2.6 years) Detroit Lions: Brad Holmes, hired 1/14/21 (2.6 years) Green Bay Packers: Brian Gutekunst, hired 1/8/18 (5.6 years) Houston Texans: Nick Caserio, hired 1/7/21 (2.6 years) Indianapolis Colts: Chris Ballard, hired 1/19/17 (6.5 years) Jacksonville Jaguars: Trent Baalke, hired 1/21/21 (2.5 years) Kansas City Chiefs: Brett Veach, hired 7/10/17 (6.1 years) Las Vegas Raiders: Dave Ziegler, hired 1/30/22 (1.5 years) Los Angeles Chargers: Tom Telesco, hired 1/9/13 (10.6 years) Los Angeles Rams: Les Snead, hired 1/10/12 (11.6 years) Minnesota Vikings: Kwesi Adofo-Mensah, hired 1/26/22 (1.5 years) Miami Dolphins: Chris Grier, hired 1/4/16 (7.6 years) New England Patriots: Bill Belichick, hired 1/27/00 (23.5 years) New Orleans Saints: Mickey Loomis, hired 1/1/02 (21.6 years) New York Giants: Joe Schoen, hired 1/21/22 (1.5 years) New York Jets: Joe Douglas, hired 6/7/19 (4.2 years) Pittsburgh Steelers: Omar Khan, hired 5/25/22 (1.2 years) Philadelphia Eagles: Howie Roseman, hired 1/29/10 (13.5 years) San Francisco 49ers: John Lynch, hired 1/29/17 (6.5 years) Seattle Seahawks: John Schneider, hired 1/18/10 (13.6 years) Tampa Bay Buccaneers: Jason Licht, hired 1/21/14 (9.5 years) Tennessee Titans: Ran Carthon, hired 1/18/23 (0.5 years) Washington Commanders: Martin Mayhew, hired 1/21/21 (2.5 years)
  • @InstinctVSM
    The video production on this video is insane for how small your channel is, it’s so well put together and you delivered perfectly, that it can get someone that rarely watches football be so invested in it :) great job Michael