The Sunk-Cost Fallacy:
“Reasoning that further investment is warranted on the fact that the resources already invested will be lost otherwise, not taking into consideration the overall losses involved in the further investment.”
This is a philosophical concept from the business world that applies perfectly to fantasy football. Being afraid to release a player that you invested a high pick in, even when they have not returned on that investment. Sometimes you tell yourself that it’s just a bad stretch of games, that things will get better and you have to hold on. Other times you know there is no light at the end of the tunnel, but are scared that he will suddenly become fantasy relevant as soon as you hit the drop button. Either way, you are holding onto a player that is not helping your team win.
Recognizing this tendency in people will help your fantasy career. If you are able to cut-bait on a player whose name holds more value than it should, this can lead to you making key moves to help your team get to the championship. Now that’s not to say this strategy is without flaw. Like anything, there’s a risk that you could wrong. That once you bid farewell to your struggling player, he will ascend to fantasy stardom. On the other hand, you could hold on to the player for far too long, and miss out on some juicy waiver wire pickups.
However, just like a business, you want to recoup some of your investment. Before you outright drop a player, you should try to trade him. There may be someone in your league who is willing to “buy-low” on a player that they had liked before the season started. This gets harder to do with every week that the player underwhelms. Eventually you will get to a point where his value is so low that nobody will touch him. That’s when you have to cut your losses and ship him off to waivers.
Here are five players that are I feel are guys you should try to “Sell-Low” on (in standard 12 team leagues) while you still can: Continue reading Highly Drafted Players to Drop