SkyHook wrote:Texas Chuck wrote:SkyHook wrote:Bingo, but beyond that, trade value only truly exists when teams come to agreement. It’s not just about the offer or the demand.
But this isn't true. Players have value even if they don't move. Did Kobe never have trade value? Dirk? Stockton? Mailman? Of course they did.
There are lots of reasons trades don't happen, but its not because none of the assets involved have value until the moment a trade is done.
Trade value is hypothetical and undefined until teams come to agreement.
Trade value is realized when a trade happens. But obviously the value doesn't magically appear out of nowhere. That line of thinking is just devoid of any critical thought.
If you take a player on the Magic, say Isaac, there should be an actual measure of what:
1) He would have brought back at the trade deadline if traded
2) He would bring back last year's draft if traded
3) He would bring back at this years draft if traded.
Even if he isn't traded at all 3 times (which would be la lot of actual trades), there still is what he could have brought back in a trade.
If it helps, try thinking of it as capital gains on an investment.
I might have some stock I bought for 10 dollars. It went to 30, then to 20, then to 40. I never sold, so you can argue that it has more value to me than to the market, but there still very much is a measure of how much it would have gotten if traded. This is unrealized capital gains, and exists even though I didn't sell and have realized capital gains.
In this case there is a public market so it is very easy to see what the hypothetical if I sold value would be, while with NBA players it requires a lot more guesswork. But players clearly have some value even when not traded. If you want to call that 'unrealized trade value' that might help you relate with the rest of us and understand what everyone else is following without the extra term.