I still don't fully understand how this works.
We are drafting players based on value of their contract... correct? No stats/records/etc will be kept, this is merely to draft a team, and make trades with the idea of assembling the best combination of on-paper talent and contract value? Is that correct?
Thanks.
Not quite. Contract value is irrelevant. Just draft players, to create the best fictional team.
Okay... so basically a fantasy draft without any sort of score keeping? (And players like Battier/Posey/etc are more valuable in a draft like this than in fantasy?) Think I get it now, thanks. Fear the Wolves.
Yep, except rather than focusing exclusively on stats, you're worried about things like team building, roster construction, etc. These guys have to play next to each other, so maybe it's not the best idea to draft Zach Randolph and Eddy Curry. Not that anybody would be dumb enough to actually do that in real life, of course.