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A situation like this will be an interesting window into our philosophy when it comes to making a deal. We could be absolute arseholes and make only a token offer (3rd round or worse) and push him through the PSD but that affects our trading relationship with GWS and our trading reputation across the industry and most likely has a negative long-term effect. Alternatively we could be nice guys and pay a reasonable approximation of what he's worth now (say pick 20) but that also runs the risk of signalling to the industry that we're an easy touch and we'll have clubs holding out on us in future dealings.

I think the *right* (and a morally defensible) approach is to aim to breakeven on our dealings for uncontracted players (both in and out) over the medium term (say 3 yrs).

So what we 'lost' when Greenwood and Keath went out and we got unders we can reasonably hope/expect to recoup as Hateley comes in as an uncontracted player now. What that means in practical terms is still obviously guesswork/in the eye of the beholder but I think we can look GWS in the eye and retain our integrity offering a pick in the low to mid 30s and say it's reasonable in the circumstances and we're not winning the deal but merely recapturing lost value from previous trades and that this is how the industry works.