Tuesday, April 26, 2011
First round is coming, but at what cost?
By Tim Graham
Boom (Jake Long) or bust (Vernon Gholston), teams have spent plenty on first-round picks since 2000.
Buffalo Bills general manager Buddy Nix recently said rare circumstances would be required to trade the club's third overall draft choice. He sounded fixed on making that pick, even though he has no idea how much it will cost him.
There's curiosity over what the New England Patriots will do with their abundance of draft assets. They have enough picks that they could trade up into the top 10. Yet they don't know how rich that territory will be.
We know the NFL draft will begin Thursday night. Unclear are the dollars it will take to sign those picks.
Rookie cost controls almost certainly will be part of the next collective bargaining agreement, but will that deal be hammered out before the 2011 season?
If not, then teams might operate under last year's rules. That would mean more outrageous guaranteed dollars to prospects who haven't snapped an NFL chinstrap. A league source calculated NFL teams have committed over $3.154 billion in guarantees to first-round draft choices since 2000.
The Associated Press reported the NFL's proposal for a rookie pay system -- made before the lockout -- included $300 million in diverted funds that instead would go to veteran contracts and player benefits and slow the rapid growth of guaranteed first-round money (up 233 percent since 2000).
First-round contracts would be capped at five years under the proposal. All other draft picks would be capped at four years. The player's maximum allowable salary would go down if he hadn't signed by training camp, a deterrent to holding out.
With all this in mind, let's examine how much guaranteed money AFC East clubs have spent on their first-round draft picks since 2000. Data provided from the aforementioned league source shows the Patriots have spent most efficiently, the New York Jets have spent the most total dollars and the Miami Dolphins have spent the most per player.
The Dolphins have drafted eight first-rounders since 2000 and spent an average of $12.043 million in guaranteed money. That figure ranks eighth among all NFL clubs, but those players averaged only 37 starts for Miami.
Only the Buffalo Bills averaged fewer starts from their first-rounders at 36.2, but the Bills rank 19th in average guaranteed dollars committed.
Left tackle Jake Long's mammoth contract inflates Miami's dollar figure. The top 2008 pick became the highest-paid offensive lineman in NFL history days before commissioner Roger Goodell said Long's name at Radio City Music Hall. Running back Ronnie Brown was rewarded with $19.5 million guaranteed as the second pick in 2005.
Those picks were successful, but the Dolphins also committed $13.865 million to receiver Ted Ginn, $9.016 million to cornerback Jason Allen and $7.133 million to defensive end Jared Odrick.
There are a couple royal busts in there, but the Jets still have spent relatively well. Despite picking in roughly the same average first-round slot as the Dolphins and Bills since 2000, the Jets have averaged nearly 61 starts per player.
The Bills' big-ticket items have been running back C.J. Spiller ($18.9 million), left tackle Mike Williams ($14.4 million) and Maybin ($10.9 million).
Buffalo's first-round picks ranked 19th in the NFL when it came to average guaranteed dollars.
The Patriots have committed eight figures in guaranteed money to only two of their 10 first-round selections since 2000 because of their penchant to trade back. Their average first-rounder is taken 20.7th overall.
Inside linebacker Jerod Mayo ($13.8 million) and defensive end Richard Seymour ($11 million) are the Patriots' lone top-10 picks under Bill Belichick and look like basement bargains compared to other names mentioned above.