We are going with the NFL's Draft Picks. Therefore the trades that took place last year are involved.

To better keep track of your teams draft picks, you might wanna add a reply onto your roster listing the ones you've got. You can always go back and edit it that way(pending trades).

Also The Resigning/Trading Period will begin this Friday @12:00 a.m. Eastern time.
For those that don't know, this is where you can put in offers to your Free Agents. If they are Restricted than other players are allowed to give an offer. Then you can match that offer. All offers take 48 hours to process. If no one responds for that long then he is yours. If he is just a free agent than you can sign him or cut him. Trades will also come into effect at this time. Don't forget to edit your rosters along with your draft picks. When you Franchise a player you are willing to give him a bunch of money. And if another GM goes for him it will cost him an arm and a leg to get him.

Salary Cap is 60 million Dollars
$5.00 Million Dollars - Franchised Player
$4.00 Million Dollars - 1st Round Draft Pick/Superstar Player
$3.50 Million Dollars - 2nd Round Pick/Great Player
$3.00 Million Dollars - 3rd Round Pick/Good Player
$2.50 Million Dollars - 4th Round Pick/Above Average Player
$2.00 Million Dollars - 5h Round Pick/Average Player
$1.00 Million Dollars - 6th Round Pick/Below Average Player
$0.50 Million Dollars - 7th Round Pick/Possible Talented Player
$0.25 Million Dollars - Practice Squad Player

p.s. it isn't the free agency period yet, therefore you cannot go for unrestricted free agents.

so, we cant make offers to ANY UFA's, only RFA's? does this include RFA's on other peoples teams? also, on friday trades can become official?

How do we calculate our current salary to determine how much $ we have to spend on picks and FAs.

so i will have the bears 3rd rounder...and i wont have a second rounder (feeley trade) and we trade away our other 3rd rounder (lamar gordon)....do the trades that we make count.....
cause this is what my draft will look like so far....if the offers i have go through

1st (14th Panthers)
3rd (via bears)
4th (via lions)
5th
6th
6th(via panthers)
7th

we have first dibs on our own UFA's right? cause we can resign who we want then we release the ppl we dont want right?

You Can Make offers on your own teams Unrestricted free agents, or chose to release them into freeagency. You can also do the same with your RFA but other teams are allowed to offer them a contract only if there team already has. After Every signing you could put Your current cap.

How do we determine who is a superstar player/great player/good player when making offers to our own UFAs? Example Travis Taylor WR Ravens is a UFA who was a 1st round pick but he is hardly a superstar player worth $4million but I would still resign him. Do I have to offer the full $4mill?

Honestly I think he's worth a good players salary.

Travis Taylor looks like a 3/2.5 mil, but this sure is going to be difficult to determine how much every player on our team is worth, objectively.