NinerSickness
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I don't think that you are using "value" in the same sense that it's used in the article, where it is supposed to measure how good a player makes his team. If I understand the methodology correctly, it is because Williams is the best player on a bad defense who is also among the highest paid players in the league that he is considered "overpaid".
Then that's a flawed methodology. If JJ Watt played for the Raiders he's still be the most valuable defensive player in the league even though the Raiders would still be terrible.