I think the people who are saying that assigning % of cap is not a great idea is not totally wrong but I dont see why the proposed OP method is a starting point and then you can tweak based on what your roster quality is. For example, if your #2 is more of a #3 then you can reduce for that position and so on and so forth. Ultimately, it comes down to the GM and his handle on what their players are ranked as in the league.
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