NFL Draft: Quarterbacks and Opportunity Cost

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Apr 25, 2013; New York, NY, USA; NFL commissioner Roger Goodell introduces defensive end Barkevious Mingo (LSU) as the sixth overall pick of the 2013 NFL Draft by the Cleveland Browns at Radio City Music Hall. Mandatory Credit: Brad Penner-USA TODAY Sports

The NFL Draft creeps ever closer with the Thursday and Friday night prime-time events readying to change the fortunes of NFL Franchises and college hopefuls alike. The Cleveland Browns have 3 of the top 35 picks and 5 in the first 100 selections. Needless to say this draft, Ray Farmer’s first in the big chair, could change the direction of the team, or continue the years of misery.

For Browns fans Mock Drafts, like our 7 Rounder, give us ideas, hopes, dreams and sometimes something to pray the team avoids. Most Mock Drafts seem relatively certain that the team will select a QB early, within the first 3 picks. Selecting a QB, or any player for that matter, adds that talent to the team but also represents opportunity cost.

Opportunity cost is what you lose, or don’t have the opportunity to do, when you make a decision. By deciding to write this article my opportunity cost is more time sleeping. When you take a job offer your opportunity cost is other possible jobs that you could of found if you kept looking.

Opportunity cost is what we will look at for the Browns with their first 3 picks. We will assume the Browns drafting a QB with one of those picks a WR with another and a defender with the other. Those are obviously not guaranteed selections but the limiting helps with the opportunity cost discussion. We will start with QB at #4 on the next page:

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