If read a few comments from people who are concerned over the quality of player the Skins will get on Day 3.  This is not what the plan is.  Shanny is attempting to lower the overall age on the roster to get to a better cap situation.  In the past, the Skins would go out and sign veteran free agents and have to pay signing bonuses that were distributed over the length of the contract.  If you got rid of them, you had to eat the remainder of the bonus.  This was the "dead cap money".  Every year, you started out in a hole.  

With the younger players who are drafted between the 4th and 7th rounds, you have a younger, healthier core of players.  But what's most important, is that they are not going to be getting $1M bonuses so they are cheap.  Yes, some of these guys are not going to make it.  However, you got an abundance of guys who you can fall back to when another guy fails.  This is the New England model:

1.  Get a lot of guys who are young and cheap.  Low risk.  Some will fail and some will succeed.  

2.  Keep your core players who you consider to be the critical guys.  These are the Mannings and Bradies of the league.  

3.  Use free agency to fill short term holes.  Make sure the contracts have affordable (lower bonsues and higher per year salaries).  You keep guys until you get a young guy who will be cheaper.

And if a rookie pay scale gets implemented, all the better.  You only have 3 first through 3rd round picks.  The 4 - 7th round guys are not going to ding you that bad and you will probably have plenty of money to keep this young batch of players.

The key is to scout the players and draft well.  Don't pick knuckleheads.  Pick guys who will work hard and want to succeed badly.  If you miss, get rid of them.  The price will be easy to swallow.