It only requires a minor tweak, instead of 3rd & 4th rounders, matching bids must come from the same round and NOT junk picks that were not going to be used on actual players. You could even have a cap on the picks being used, eg. maximum of 2 picks for every matching bid.
I don't think it should be that rigid.
For example, lets assume this situation occurs again for GC. They have 3 first round picks, they should have access to all 3, so how do they go around bringing in 3 first rounders. Its certainly a conumdrum so I think there should be options, and the best way to deal with that is via the use of discounting / premiums IMO.
We all like the romance of F/S's too, so I don't think we want to be building roadblocks to blocking this either.
So I've taken a look at Gold Coasts picks at the start of the year and the impact of trading etc thats occurred this year. It was a little tricky to match picks up, so I've done this in a sort of collective manner.
So they started the season with 4,512 points, mainly due to the Rankine trade but also partly due to some 2022 pick swaps and the Ben Long trade to the Saints so they started with a handy haul. They then lost 757 points due to the impact of compensation picks and Norths PP. They are now at 3,755 points.
During the trade period they traded several players out (Burgess, Hollands and Chol) for a collective gain in points from those 3 trades of 1,026 though some of this was deferred into 2024 (Hawthorn traded Brisbanes F2 for Chol), so about a gain of 504 points in 2023. This takes their points to 4,259 points.
As part of their pre-draft trading, they traded in 2 additional picks for 2024 (Bulldogs 1st and Norths 2nd PP - 20) making a gain in points for 2024 of 2,307. They ended the pre-draft trade period with picks equalling 3,877 points despite moving that 2,307 into 2024, so made a gain in 2023 on these trades of 1,925 points. They then gained a further 672 points at the draft.
In total they enjoined a gain of 4,904 points via trading (2,307 in 2024, 1,925 from pre-draft trading and 672 during the draft). They then enjoyed a discount on the back of this of 1,170 points, for a collective gain of 6,074 equivalent to 2 number 1 draft picks!!
Now we should regard this as an extreme case that may never be repeated again, but we still need some adjustments.
My view is simple.
1st pick - Same rules as currently apply. 20% discount regardless of where bid / 1st picks are made / owned.
2nd pick - If you have a pick in the same round, same rules apply otherwise discount is removed and 10% premium added
3rd pick - No discount available, if you have a pick in the same round, pay 100% of pick value, if later rounds, 20% premium is paid
4th pick - No discount available, if you have a pick in the same round, pay 100% of pick value, if later rounds, 30% premium is paid
Each further pick (unlikely to occur, increases premium by 10% each time).
So lets take a look at how this would have worked for GC. I'm going to assume that all their trading still remains including the draft day trading.
Walter - Bid on at 3 - Need 1,787 to match. Use Picks 26,30 and 32 and get back Pick 60 - Discount remains at 447 points
Read - Bid on at 9 - Need 1,616 to match (including 10% premium). Use Picks 34, 38, 40 and 44 and get back Pick 57 - Premium paid of 147 points
Rogers - Bid on at 14 - Need 1,393 to match (including 20% premium). Use Picks 45, 49, 55, 57, 58, 60 and 62 and get back Pick 67 - Premium paid of 232 points
Graham - Bid on at 26 - Need 948 to match (including 30% premium). Use remaining Picks of 52, 62 and 67. Deficit of 574 and they wouldn't have traded as much into 2024. Premium paid of 219 points.
I'd be open to changing the mix up a little bit further. Potentially changing the rules to below as potentially the above doesn't go further enough to balancing the gain that the academy / F/S owner gets over the rest of the competition. For example above, GC can still use later picks to match all bids, and essentially the premium paid to do so is 151 points (Pick 60).
This is probably the next stage.
1st pick - If you have a pick in the same round, same rules apply otherwise discount is removed and 10% premium added
2nd pick - If you have a pick in the same round, same rules apply otherwise discount is removed and 20% premium added
3rd pick - No discount available, if you have a pick in the same round, pay 100% of pick value, if later rounds, 30% premium is paid
4th pick - No discount available, if you have a pick in the same round, pay 100% of pick value, if later rounds, 40% premium is paid
Each further pick (unlikely to occur, increases premium by 10% each time).
I don't think there should be a hard and fast rule that you need a pick in the same round in order to be able to match, but there shouldn't be a discount for matching with later picks, more so a premium.
In the latter scenario, GCS had enough points for Walter and Read but left with a deficit of 584 points for Rogers and needing 1,021 points to match Graham so would be short by 1,605 points which they wouldn't have been able to trade picks into 2024 under those circumstances.
As an overall view, under the current system GC needed 4,423 points to match the 3 players. Under the 1st proposal they would have needed 5,744 and under the last one 6,750.
Regardless of what the system was, they would have matched all 4 players anyway, they just wouldn't have this ridiculously good hand for 2024 on top of drafting those 4 players in 2023.