"To help out with that, Mike McCoy, a Cowboys executive and minority owner at the time, began to work on a valuation system for draft picks. McCoy looked at all the NFL draft day trades over the previous four years to better understand how NFL teams valued their draft picks. When McCoy was done, the Cowboys had their first version of the Trade Value Chart, which assigned a numerical value to each draft pick and significantly simplified the evaluation of trade proposals."
"The Cowboys initially tried to keep McCoy's Trade Value Chart to themselves, but a succession of Cowboys assistant coaches and other staffers took it with them as they were promoted to other teams or simply left to be elsewhere, and the chart quickly found its way into every war room in the NFL, where you can find it to this day."
"When McCoy created the chart, he merely took a snapshot of how teams had acted in the past, he wasn't looking to create a perfect valuation for each draft pick. We know today that the chart significantly overvalues the picks at the very top of the draft, undervalues the benefit of having multiple picks, and significantly undervalues future picks."
In 1991, the Dallas Cowboys possessed substantial draft capital from multiple trades and needed a systematic way to evaluate trade proposals. Mike McCoy, a Cowboys executive and minority owner, developed the Trade Value Chart by analyzing NFL draft trades from the previous four years. This chart assigned numerical values to each draft pick, streamlining trade evaluations. Though the Cowboys initially kept it confidential, assistant coaches and staff members spread the chart to other NFL teams as they relocated, making it standard across the league. However, the chart has notable limitations: it overvalues top picks, undervalues the advantage of holding multiple selections, and significantly undervalues future picks relative to current ones.
Read at Blogging The Boys
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