Let some other guy overpay for Michael Vick, who is likely to get hurt by Week 4 and miss 3 games (and 20% of his "value.") Throw him out in the second round, if possible, by this time, everyone has settled in and has seen a couple of first round bargains happen and a QB or two have gove, so they get a little nervous.
Once you determine the value of Vick in your league - always subjective due to differing formats - big him up to about 75% of what you have him valued, or more importantly, what you think your league will value him. If the bidding is between 2 other owners, let them move him up in price and sit back and wait. Be sure to throw in another dollar if the bidding stalls below 85%, but be sure you do not get stuck with him at or above 90% of full value.
Then...wait...and wait...and wait...keeping 10% of your budget handy for a Matt Ryan or Big Ben.
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