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you don't mention that only 11 players are on the field at a time, so maxing those 11 (or 22) is more important than value at RB #4,
I explained a basic strategy in a couple of sentences. There were lots of lesser points omitted
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please point it out. I see you said its important to spend to the limit after someone else brought it up, but i definately didn't see anything about how talent at starting positions are more important even if it rubs against the price/performance thing a bit.
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Incidentally, I think this "bargain strategy" applies to the draft as well. One study I saw concluded that the best values in the draft happen between picks 25 to 75. I didn't look at their data but I can understand logically why their conclusion might be valid.
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if leinhart or bush bust, you're out at least 20million. if pick #30 busts,
you're out less than 5$mill. Starting LBs, RBs, #2/possible #1 CBs, OGs, Cs, FS/SSs, FBs, Ks, Ps, TEs, DTs can all be found easily in the 2nd round.
starting/#1 WRs, QBs, DEs, OTs (especially LTs), solid #1 CBs and stars at other positions are what can't be easily found outside round 1. These positions also tend to earn the most money. sometimes you get lucky and pull a QB in the 6th that turns into a HoF player, but its not that likely.