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The fact that you're having to use Daunte Culpepper, Jason Campbell, and Jay Cutler should tell you how smart it is to wait.
Your odds are not better of finding your guy outside of the top 10. There may be an even number of top 10 QBs who were taken outside the top 10 than inside, but there are also far more QBs taken in general outside the top 10.
Sure, plenty of QBs bust. Peyton Manning went 1, Leaf went 2. Luck went 1, Griffin went 2. You could say, 'Tom Brady went in the 6th round, so you can find QBs that late. I'll just wait to get my franchise QB.' But the only problem is that the other guys taken in that draft were Chad Pennington, Giovanni Carmazzi, Chris Redman, Tee Martin, Marc Bulger, Spergon Wynn, Todd Husak, JaJuan Seider, Tim Rattay, Jarious Jackson, and Joe Hamilton.
Your chances of hitting on a top 10 QB who eventually becomes an elite guy are much higher than your odds if you wait. Considering how important it is to have an elite QB in the NFL, I would rather trade up every year and take a QB until I finally hit than just waiting and taking a guy here and there.
Of the top 11 QBs in QBR last year, 5 were taken in the top 4. Of the top 16, 8 were taken in the top 8. And Flacco and Roethlisberger were taken just outside the top 10.
So again, good luck with that.
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