I think people are missing the point when they say that the list of players isn't very good. Who knows how good the list is? If this system had been around back in 2008, Rory Sloane would have been available. If it had been around in 1999, Matthew Pavlich would have been available.
Yes, most of the players are unlikely to play an AFL game. But what's the harm in taking a shot? $70k should be pocket change, and one more player in the group shouldn't have any meaningful impact on the amount of face-to-face coaching or resources we have to put in. This is akin to finding an unopened scratchy and thinking, well, I wouldn't want to risk breaking a fingernail, and I probably won't win so I'll just bin it instead.
Even if they are unlikely to play a game, who knows? Maybe they flourish when they move to an AFL system. Maybe we cop a horror month of injuries and suddenly they're the next up. Who knows? Well, we'll never know now.
The only potential benefit I can think of is that at least we can look at every player from our squad in the eye and say, you're here because we wanted you here, not because we had to fill a list spot.
You do realise only players who were previously in a national draft (amongst other restrictions) could be selected?