Just for counterpoint, here’s the majority of a startup draft I did this year: FGPTs, not 5x5, so steals/saves don’t cost such a premium… My total is $315 (17 players), essentially what you spent, but my whole starting lineup is filled and I’ve got an extra ace pitcher and reliever.
$10 Sanchez
$5 Garver
$16 Hoskins
$9 Solak
$40 Lindor
$22 Baez
$14 Hayes
$27 Stanton
$22 Blackmon
$10 Mancini
$8 Pham
$6 Pollock
$10 Cruz
$38 Nola
$32 Snell
$30 Kershaw
$16 Chapman
Overall, I’m happy. I would have liked Solak as a 4OF or MI, but with how thin 2B is, I can live with it; especially with Jorge Polanco sitting on my bench who should get 2B eligibility rather quickly. I probably overpaid for Hayes, but I like him long term and he was the last 3B I felt good about on the board which caused a bidding war. Surplus calculator has me in the top half, so I know I’m at least in contention, and if things don’t go as I’d hope there’s certainly assets that should be easy enough to trade. I may not have the “studs” that you do in Yelich/Seager, but I can probably acquire one near the deadline to push me over the edge if needed.
Bigger Picture: I don’t think you find much value in the first hour of an auction, it takes more patience than that and constant attention to make sure none slips by. However, I think the point missing in this thread is that every league is unique, valuing position/stats differently, and that distinct league economy can drastically change how an auction plays out. Your roster out of context against the league only carries so much weight. Do I think you overpaid for some guys, absolutely; but did the rest of the league too, or at a certain position? How much talent is left on the board? Are the people with remaining cap just going to overspend on mediocre players?
I wouldn’t say you’ve blown it, but you’ve certainly made it somewhat difficult as I think depth is wildly important in Ottoneu (not sure if your lineups are weekly or daily…) as injuries, cap penalties etc. add up. Without any depth nearly all the breaks need to bend in your direction for success in this format.
As far as the rest of the draft, I think you either look at high upside prospects ala Trammell (credit @valis2374), people coming off a disappointing season/didn’t play at a discount (Boyd, German), or older veterans (Upton, Pineda) that are generally undervalued in Ottoneu but still put up useful numbers.
I would agree with @walt526 that buying both Grandal/Perez is questionable and I would be looking to deal one the first reasonable chance I get. @valis2374 also makes a decent point of saving a few roster spots and cap space at the end of an auction; flexibility is key and midseason spending power (even just $5-10) can be wildly important for grabbing the next prospect or surprise breakout.
I think everyone either overspends or underspends in the first Ottoneu auction, it’s part of the learning curve and trying to find the right balance is difficult as it changes every year based on roster construction, allocation, etc. No one leaves an auction perfectly, everyone makes mistakes in the heat of the moment, but how you react to and manage those hiccups are important.