The first thing I'm curious about is contract values for starters and backups. I'm sort of clueless about this, but I'd love to know if there's a consensus about how much one generally pays for a star/quality/average/backup player at each position. I think I tend to mess this up in FA and screw my cap and roster up.
The second thing I'm curious about is how you guys build your teams. I'm a believer in OL/DL first in real life, but this is Madden--how many of you go by those principles? If not, which ones come first for you?
Third, I'm curious about different draft strategies. Do you guys go in and scout need positions, plan positions by rounds, draft best available, or something else?
And last, how do you approach trades? Do you have any house rules or general tips?
I'd love to hear responses to those questions, but would also be interested in this thread being open to a larger discussion of GM strategies, so long as there are no spoilers/exploits discussions, or general negativity toward this aspect of the game.

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