Yes, they did. But I think it's important to differentiate when it doesn't happen which it didn't in this case. I thought his explanation was a good one, though, when he pointed out that if Zillow puts a $500,000 estimate on a house that sells for $300,000, they can't insist the house is worth $500,000. They have to adjust their estimates based on the market. I'm pretty sure he admitted they were off on that one, but like any other market, it was never designed to be perfect. It fluctuates based on many factors, one of course, being real life trade results. They have to constantly re-evaluate and adjust. That goes for any value based estimate around. The adjustment wasn't made to save face and try to make it look more even. It was made because they had to adjust values based on what the real life market told them those players were worth. The Zillow analogy doesn't acknowledge the possiblility that the homeowner doesn't properly know the value of what they actually had relative to the market, and made a poor decision to sell the asset for less than it's actual worth as a result. That's what many people think the Padres did. Adjusting the value down and saying 'we had it wrong' doesn't keep your neighbor from selling his house for the $500,000 that it was actually worth...