Having a debate about keepers and I would love your insight

I’m having an argument with my commish and I’d like some outside insight. This is our first year selecting keepers, and the rule is you can keep a drafted player for +2 rounds, or you can keep someone picked up off waivers for a 10th. This is a 14 team league, so the 10th round is insane. I think this is dumb and grossly devalues good drafting, which is what I think is the point of keepers, but what are your thoughts?