“This parceling out of exclusive negotiating rights to exiting college players has always been presented, even from its low-key inception in a Philadelphia hotel 80 years ago, as a way to ensure competitive balance by giving bad teams first crack at better incoming players.
An added benefit for NFL owners, however — arguably the greatest benefit — is that the draft denies college stars the windfall of potential bidding wars among multiple teams, keeping salaries lower than they might otherwise have been.”
These are both true. All we have to do is look to leagues like European football leagues and see that it is absolutely possible for the richest teams to simply buy the biggest names and dominate the competition. On the other hand, those players are also free to negotiate a contract anywhere, for any amount, which is, unarguably getting them more money than a draft system would.
So, which is better?