And a valid one at that. I really didn't scout that much last year, A. i started almost 2 thirds into the season and B. just left my scouting on 20k for most of the time. Last season i got to pick 9th in my league, i drafted the best player in the entire draft.
You can spend the 480K a season to get a little extra information, but in the end i doubt it will help you in the draft, especially if you play in an active league as many other players with better draft picks with you may scout the same players.
I have dont the 20k scouting all season and i'm second in the league, obviously i'm going to get a horrible draft pick but i'm hoping that i will still be able to draft a player i want.
remember that even if you draft a good player and wish to sell him, if you've done the 40k scouting and sell him for 500k you only make 20k. Not really worth drafting him in the first place when you could have just chanced it... instead you could save the 280k, and spend it on your arena or a better player, you can get a fairly decent player for about 300k (relative to your div).
But i understand that you may want to draft THE best player in the draft and maybe if you are coming last it might be a good idea to do the 40k scouting.... But it's not really worth it IMO