In my USA Level IV League, my first three drafts, scouting at 10K and picking between 5th and 13th, produced some very talented players - 4 of which I've been developing, several that I was able to sell for 300K plus.
Last season I had increased scouting to 20K, ended picking 15th. All three of my players were busts who I had cut, or sold for 1K.
this season, I will pick 16th, and I've been scouting at 5K. As people have said earlier, I'd rather save the money and purchase young talent -- the draft is so random, esp as you get into the later picks.
What I think would be fun is if you could see your first round pick, then reset the order for the second round - just seems there's not a lot of control over the players you are drafting. -oo-