Managing an NFL football team: draft picks, salary cap, etc. is at its foundation a question of managing value. Has the front office done a good job of getting a reasonable (or exemplary) level of play from the players on the team in relation to what it is paying for them, or are we overpaying for underperformance? Any exercise along these lines is necessarily going to leave a lot to be desired. Most notably, there is bound to be widespread disagreement about any tools used to capture “performance” in a quantitative, relatively objective way. Going in, eyes wide open, I’m using one of the better tools I’m aware of in that regard, Pro Football Reference’s “approximate value (AV).