They don't just lose the points difference, the pick slides back to match the points value. They do get pick 52 as "change" as specified by the bidding system guide provided by the league found on page 8 here -
https://www.afl.com.au/staticfile/AF...ing-system.pdf
"In order to pay for the player, the nominating Club’s next available pick move backwards in the draft order to the value of the points required."
Here's an explainer from Fox Sports last year using Blakey as an example -
AFL draft, academy bidding, father-son bidding, full explanation of the draft value index and how matching a bid words | Fox Sports
LET’S say Port Adelaide bid on Sydney Swans academy prospect Nick Blakey at Pick 5 (1878 points)
— IN order to snare him, the Swans now have to match the Power’s bid using the draft picks they already hold.
- FIRST, we must take away the 20 per cent discount (which is automatically given to clubs for bids inside the first round) that would be given to the Swans, meaning they now have to find 1503 points to secure Blakey.
— THE SWANS’ first three selections, which are Pick 26 (729), Pick 33 (563) and Pick 38 (465), covers the Power’s bid.
— However, as the value of those three picks adds up to 1757, they have 254 points left over. This means the Swans’ Pick 38 would slide back to Pick 52 in the draft.
— NOW Nick Blakey is officially selected by the Swans at Pick 5, but the Swans have lost their first two picks (Pick 26 and Pick 33).
— THE Power select again at Pick 6 and the predetermined draft order continues from there.
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