$('.item').sortable({
    tolerance: 'pointer',
    helper: 'clone',
    start: function(event, ui) {
        sorting = true;
    },
    beforeStop: function(event, ui) {

    },
    stop: function(event, ui) {
      sorting = false;
      $('#picks-list li').each(function(index){
        $(this).find('#points-holder').text(pointArray[index]);
      });

      savePicks();

    },
    change: function(event, ui) {

    }
});

<div class="item active ui-sortable">
  <li class="player ui-droppable" data-name="Johnny Manziel" data-pick-id="534b112a4b65767d29010000">
    Johnny Manziel
    <div class="pull-right" id="player-badges">
      <span id="points-holder">10</span>
      <span class="remove-player player-badge">
        <i class="fa fa-trash-o"></i>
      </span>
    </div>
  </li><li class="player ui-droppable" data-name="Derek Carr" data-pick-id="534b112a4b65767d29030000" style="display: list-item;">
    Derek Carr
    <div class="pull-right" id="player-badges">
      <span id="points-holder">7</span>
      <span class="remove-player player-badge">
        <i class="fa fa-trash-o"></i>
      </span>
    </div>
  </li>
  <li class="player ui-droppable" data-name="Johnny Manziel" data-pick-id="534b112a4b65767d29020000">
    Johnny Manziel
    <div class="pull-right" id="player-badges">
      <span id="points-holder">5</span>
      <span class="remove-player player-badge">
        <i class="fa fa-trash-o"></i>
      </span>
    </div>
  </li>

</div>