You may not know this about Kevin, but he studied economics and is something of an expert on the subject. He recently introduced me to this concept called the Sunk Cost Fallacy, which is essentially a person’s refusal to abandon a resource because they don’t want to waste it, even though they are never going to get a full return on its value. I’m probably paraphrasing just a tad, but basically if I have tickets to a concert and can’t sell them or find someone else to go, I’ll still go to it myself to avoid having to eat the tickets.
And that’s where the Broncos currently find themselves with their quarterback situation, particularly as it relates to Trevor Siemian. Sure, it may not have cost them a whole lot to acquire the seventh rounder out of Northwestern, but they have certainly devoted a lot of time and energy into making him the starter for this team. He’s started 21 games for two different coaching staffs and seems to be regressing more with each one.
Moreover, the Broncos displayed a disconcerting amount of support for a player who didn’t deserve it based on his performance, and that’s where the Sunk Cost Fallacy kicks in. Saying things like “he’s our starter” or “he’s a young player and could get better” are highly irrelevant compared to what is actually happening, especially when everyone outside of Dove Valley could tell that Siemian is not the answer at quarterback.
And when you find yourself at a crossroad, the choice that you make could very well define the rest of your season. That choice for now is going with Brock Osweiler to try and salvage these last nine games. The Broncos may not fare any better with Brock at the helm, but they were going nowhere with Siemian. Kudos to the team for finally abandoning their sunk cost, even if it’s a bit overdue.
A good rule of thumb is to not overreact to week 1 of the NFL season. You don’t wanna get too high or too low, unless you’re a Bengals fan and you just watched your quarterback toss four picks and your team get shutout. Then you can overreact with impunity. For the rest of us, it’s important to stay on an even keel. Case in point? The Bills, Jaguars and Rams are all currently in first place in their respective divisions.
That’s why I’m trying not to read too much into the Broncos’ nail-biting win last night over the Chargers. On the one hand, it was encouraging to see the team eek out a close game over a division rival in Vance Joseph’s first game as head coach. On the other, it was eerily similar to last year’s opener against the Panthers. The Broncos almost blow a fourth quarter lead, only to be bailed out when they ice the other team’s kicker and then he misses his second attempt.
One game a season does not make, and there were enough promising signs to suggest that the Broncos are improved from last year’s squad that missed the playoffs. That’s why, for now, I’m not going to get too concerned that they may not have improved enough on the flaws that hindered them in 2016, and will happily take the win. More thoughts and analysis (mostly happy) after the jump.
Welcome back to another edition of our Power Ranking Ramblings. It’s been a weird season, everyone, and it doesn’t appear that we are going to see a return to normalcy anytime soon. Dallas and Oakland are two of the league’s best teams? There’s a game in Mexico City this week? Jeff Fisher is finally playing the top overall pick even though Case Keenum would definitely get the Rams to 7-9? Crazy I tell ya!
Kevin and I don’t understand it any more than you do, but that doesn’t mean we’re going to stop rambling about how awful both the league as a whole and ESPN’s power rankings have been this year. As always, you can double check to make sure we aren’t making any of this up…
…and then see if you like our version better. Thanks for reading!