[jmik58]

I think of Production as "How well has this player performed recently"

It just tells you if someone has underachived, overachieved, met expectations, etc. It also tells you (in the case of Free Agency) if someone just flat out hasn't played.

If T.O. has been playing (for whatever reason) then he can't have a Production grade that is very high.

I largely ignore this unless a guy with a low OVR has a high Production rating. Without looking at stats it's just a quick way to see "What have you done for me lately?"