NFL Draft: How Much Value Have Colts Gotten from 1st-Round Picks?

After coming within a victory of the postseason for the first time since 2020, the Indianapolis Colts are hopeful that Year 2 of the Shane Steichen era can net a return to the sport’s postseason and a prosperous future full of youthful talent.

That hope is shared by Colts fans and Indiana sportsbooks.

So, we were curious to see in advance of the April 25-27 NFL draft if the Colts had been doing a good job with first-round selections.

Utilizing Pro-Football-Reference.com, IndianaBets.com – your source for Indiana betting apps - utilized the approximate value (AV) statistic to combine the total approximate value of the career of each NFL team’s first^-round draft picks from 2014 to 2023. The teams were then ranked on the AV per pick to see what team has utilized their picks the best..

NFL Teams AV Total Since 2014

Rank	Team	Total Approximate Value	# of 1^st Round Draft Picks	Average Approximate Value Per Pick
1	Los Angeles Rams	285	4	71.3
2	Dallas Cowboys	372	9	41.3
3	Chicago Bears	253	7	36.1
4	Buffalo Bills	322	9	35.8
5	Tampa Bay Buccaneers	312	9	34.7
6	Kansas City Chiefs	235	7	33.6
7	Baltimore Ravens	428	13	32.9
8	Indianapolis Colts	174	6	29.0
T-9	Carolina Panthers	289	10	28.9
T-9	Miami Dolphins	318	11	28.9
11	Pittsburgh Steelers	258	9	28.7
12	San Francisco 49ers	314	11	28.5
13	New York Giants	340	12	28.3
14	Cleveland Browns	337	12	28.1
15	New Orleans Saints	336	12	28.0
16	Atlanta Falcons	305	11	27.7
17	Tennessee Titans	298	11	27.1
18	Las Vegas Raiders	315	12	26.3
19	Los Angeles Chargers	287	11	26.1
20	Denver Broncos	203	8	25.4
21	Arizona Cardinals	226	9	25.1
22	Detroit Lions	300	12	25.0
23	Washington Commanders	246	10	24.6
24	Jacksonville Jaguars	290	12	24.2
25	Minnesota Vikings	241	10	24.1
26	Houston Texans	183	8	22.9
27	New York Jets	286	13	22.0
T-28	Cincinnati Bengals	191	10	19.1
T-28	Green Bay Packers	191	10	19.1
30	Philadelphia Eagles	188	10	18.8
31	New England Patriots	136	8	17.0
32	Seattle Seahawks	110	7	15.7

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Colts Solidly in Top 10

Since 2014, the Colts have the NFL’s eighth-best approximate value per draft pick average (29.0 per pick), ranking between the No. 8 Baltimore Ravens (32.9 AV per pick) and the Carolina Panthers and Miami Dolphins, who tied for 9th overall at 28.9 AV.

The Colts only have had eight first-round draft picks, but that group has produced 174 AV among them, with Quenton Nelson (62 AV), Ryan Kelly (52 AV) and Malik Hooker (21 AV) being the team’s standard-bearers.

Leaguewide, the Los Angeles Rams had the NFL’s highest AV per first-round pick between 2014 and 2023, at 71.3 (four picks, 285 AV). The Dallas Cowboys (9 picks, 372 AV/41.3 AV), Chicago Bears (7 picks, 253 AV/36.1 AV) and Buffalo Bills (9 picks, 322 AV/35.8 AV) ranked ahead of the Colts when it came to first-round bang for your buck totals.

When broken down by raw AV totals, the Ravens (428 AV) beat out the Dallas Cowboys (372 AV), New York Giants (340 AV), Cleveland Browns (337 AV) and New Orleans Saints (336 AV), illustrating that draft hauls can’t produce success on the field by themselves.

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