@SeanMcK89030870@JClarkNBCS I’m curious. Is there a future year’s first for which you wouldn’t trade a 2027 second round pick? Would you trade a 2027 secobd round for a 2036 first? A 2040 first? Is there a point at which you don’t value the future first more than the current second?
@SeanMcK89030870@JClarkNBCS My logic is that deferred compensation is worth less than earlier compensation. How much less is determined by one’s discount rate. You have a far lower discount rate than NFL teams as revealed by inter-year draft pick trades. Doesn’t make them right and you wrong.
@ZBerm With respect Zach, future picks are less valuable. What you’re saying is that the Eagles devalue them less than other teams (because they have a lower discount rate). That doesn’t mean they’re not less valuable.
@SeanMcK89030870@JClarkNBCS Then why not a 2030 first round pick? Or a 2032 first round pick? Do you view a 2028, 2030, or 2032 first round pick as equivalent? Do you prefer one over the others? Would you trade a 2nd round pick today for a 2032 first round pick?
@jordan_knepper@jakob_rollins22@JClarkNBCS Yeah, but you can create future first rounders by trading a draft pick today for a higher round pick in a future year. Howie used to do this all the time.
@ZBerm I agree. But the net present value of a 2028 first rounder is closer to a late second or early third rounder today. That two-year delayed compensation is real surrendered value.
@adgoldwasser@JClarkNBCS It makes a difference. You defer the value of the player for some period of years because you get him later. There’s a cost to that deferred value. That cost tends to be valued by paying a premium of one round for each year of deferred compensation.
@adgoldwasser@JClarkNBCS With money, it’s easy. You use a risk adjusted interest rate. With objects that don’t have a monetary fair market value, it’s more difficult. But well developed markets tend to reveal a discount rate. That has tended to be one round per year of delayed compensation.
@adgoldwasser@JClarkNBCS You generally value compensation for something you surrender today as the net present value of what you eventually receive. If I give you $100 today, you’d have to return more than $100 to me two years from now. Same if I gave you an object today valued at $100.
@jakob_rollins22@JClarkNBCS The discount rate empirically has typically been one round per year of delayed compensation. That’s not a value judgement. That’s what the market has revealed.
@charlescwcooke This is just an embodiment of how supporting politicians has become the equivalent of supporting professional athletes. You excuse all manner of transgressions by those on your team. It makes sense in sports. It doesn’t in electoral politics, where the job requires character.
Very happy for Jared McCain. Never doubted him. In the airing of grievances from a Sixers perspective, I mostly resent the terrorist Nick Nurse for burying him on the bench when it was obvious he was just recovering from the hand injury