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About The "Trade The #1 Pick For More Picks" Thing ... What About Free Agency?

A lot of folks are playing the "keep Peyton Manning and trade the #1 pick for a boatload of draft picks" angle. BUT there is another way of looking at it. What is Peyton Manning's salary cap figure again? For this year? Next year? The year after that? Retaining Manning would preclude the Colts from signing free agents, and would also even keep them from retaining some of their own. And not just this year, but over the life of Manning's contract.

By contrast, drafting Andrew Luck would mean that he would get paid $22-24 million over the next 4 years. (That is in contrast with the $28 million that Manning would get on March 8 alone.) It is the $6 million a year that Luck would get versus the $18 million a year that Manning would get. Hmmm ... so how many more veteran starters - more proven players than draft picks - could the Colts sign over that time in free agency? Being just a bit simplistic ... the $28 million that they are paying Manning this season would garner 5 linemen at an average of $5 million a year (Chris Canty, Giants DT, made $5.25 million this year). Being similarly simplistic, $18 million per year for Manning versus $6 million per year for Luck for the 4 years that Luck will play his rookie deal: that is $48 million. Again, assuming that a quality NFL free agent will get $4 million to $5 million ... that would be 9 to 10 players. Stars? No. But definitely good players: starters and top reserves.

And oh yeah ... it isn't like the Colts are just going to stop drafting people. The difference is that with Luck, the Colts will be able to improve themselves via the draft AND free agency. With Manning, you'll only have the draft. Even if you get three #1 picks in return for the 1st round pick ... since one of those picks is an "even swap" (i.e. the #1 overall for Cleveland's #4 overall) the net is just 2 more players. And - again assuming the trade is with the Browns - one of those picks is at #22. Whoopee! Granted, the Falcons gave up 5 picks for Julio Jones, but that was to move up from #27 to to #6, not going from #4 to #1. Plus, 2 of the 5 picks were in the 4th round. So REALLY the Browns only netted 3 picks: a pair of second rounders and #22 overall. The Colts aren't going to get THAT MUCH more than that by trading the #1 pick.

The Colts would get far more players - and proven veterans able to contribute immediately at that - by using the $64 million left on the $90 million Manning contract to chase free agents than they would by dealing the #1 pick. Again, where trading the #1 overall would get them 4 extra rookies max, Manning's contract could get them a bunch of veteran players to plug into the starting lineup and provide veteran depth.

Of course, if Luck pans out, his next deal will break the bank. But that is a better problem to have with a 26 year old QB and a roster stocked with (hopefully) 4 years of prudent drafting and free agency signings than it is to have NOW with a terrible roster and a 36 year old QB.

Poll
Which would get the Colts more players?
Trading the #1 pick in the draft
36 votes
Applying the rest of Manning's contract towards free agency
92 votes
Doesn't matter: Manning is worth more regardless!
47 votes

175 votes | Poll has closed

This is a FanPost and does not necessarily reflect the views of Stampede Blue's writers or editors. It does reflect the views of this particular fan though, which is as important as the views of Stampede Blue's writers or editors.

Comment 8 comments  |  0 recs  | 

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I definitely see us being more active in free agency this year. In fact, I see us doing that before trading down for a bunch of picks.

by ruseriousclark? on Feb 9, 2012 6:34 PM EST reply actions  

i didnt read your whole post

but i think i got the point. its not about getting more players. its about what are the smartest moves for the future of the colts.

the colts need a qb so trading the #1 pick is dumb
manning isnt healthy so we cant pick up the option

by omahacolt on Feb 9, 2012 7:34 PM EST reply actions  

Another dumb comment

That’s actually not what the post is totally about. So unless you read something from beginning to end and know what it’s about in total, then don’t comment. Commenting on something you haven’t read is dumb.

by jwills316 on Feb 9, 2012 8:02 PM EST up reply actions   1 recs

duly noted

i probably wont consider that next time. but duly noted

by omahacolt on Feb 9, 2012 8:22 PM EST up reply actions  

I guess I would say you have to be careful with free agency...

When you draft talent, they often need time to develop into significant contributors. But the advantage is that they are learning, growing, and developing habits with the team. It gets harder to have good chemistry with free agents, I think, because you don’t have that organic growth process you get with young players. Philly is the best recent example of a team that went overboard in free agency but couldn’t put it all together. I think free agency can be a valuable tool (that Polian was too reluctant to exploit), but I think you have to be very cautious and measured about how you use it. All else equal, I would rather see very successful drafts than very agressive free agency moves.

by Wippersnapper on Feb 10, 2012 10:01 AM EST reply actions   1 recs

I see what you're saying but....

Your math and logic are off a bit. Does releasing Manning allows cap room to sign other players in FA? Yes, but to the exaggerated level in your post. The savings from having Luck at $6 million vs. Peyton at $18 million is $12 million/yr, which would allow you to sign 2-3 solid FA’s at $4-6 million/player. You don’t get 8 or 10 players or whatever your post said because over the life of Peyton’s contract you would save around $48 million, but each year you would have $12 million or so to use. The only way you get to more than a few different players is if you sign 2-3 players each year to 1-year deals and then sign different players to 1-year deals the next year to replace the other players. So basically no more than a couple of these FA pickups will play together at any given time.

In conclusion, trading Luck and releasing Manning are actually very similar strategies, in that each allows you to use the compensation to acquire/add 2-3 more potential starter talents. For trading Luck, it’s the acquired draft picks and for Manning, it’s the open cap room. So since both strategies are somewhat similar in the short-term, aside from the difference between Manning and Luck, I would have to think that Irsay prefers the one that also has good long-term implications.

by shastamasta on Feb 10, 2012 12:34 PM EST reply actions  

A problem

One of the big problems here is that you aren’t figuring in the new CBA with the extra picks. You are using Luck’s smaller salary, but you fail to mention how little the three first round and two second round picks will be making. There will be a net profit of four young players over three years in the first two rounds. Combined, they would be making about $10-14 million. That’s a pretty incredible amount when you consider that Bradford is making about $13 million per year.

You also failed to take into account that free agent contract values will increase this year. The money that rookies didn’t get last year, and won’t get this year, has to go to veterans. That means teams will start paying more to free agents.

The other issue I have is that free agents tend to be worth much less than they are getting paid. It’s not a smart way to build a team. The draft is the smart way to build a team. Check with Washington on that.

by PeytonTheManning on Feb 13, 2012 6:20 PM EST reply actions   1 recs

Zing. EXACTLY

We will get 5 first and 2nd round talent that is “Moldable” and “shapeable” to your system much easier then vets and they will be cheaper then Veteran players. With that exta money you save you can go out and pick up that one or two key Free Agents you need

Go Blue!

Revenue - Expenses = Profit

by dezznutz1001 on Feb 22, 2012 12:27 PM EST up reply actions  

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