Rhettmatic wrote:ATLTimekeeper wrote:I went back 12 years and did a crude study. These are semifinalists that were awful enough at one point to get a top 3 pick, and used that pick to build that team into something great. I did this quickly without much use of resources, so I may be have left some teams out. 
2010: Orlando, Boston
2009: Denver, Cleveland, Orlando
2008: San Antonio, Boston
2007: San Antonio, Cleveland, Utah
2006: None
2005: San Antonio
2004: None
2003: Spurs, Nets
2002: Nets
2001: Spurs, Bucks, Sixers
2000: Knicks, Pacers
1999: Knicks, Spurs, Pacers
If you don't want to include Boston, you would need to re-word your criteria. They were awful enough for a top 3 pick in 2007, they simply were unlucky in the lottery. Still, their tanking allowed them to acquire Ray Allen. So if we're looking at the rewards of tanking, they should be in the discussion, no?
 
Even if you use Boston, it still only includes two extra teams that "tanked" and turned itself into a contender. That's 22 out of a potential 48 contender spots. 46%. 
Then look at the teams that drafted top 3 in the past twenty years or so, let's start at 1990. In brackets I've included how many times the team made a conference finals within a decade of their selection.
1990: Nets (0), Sonics (2), Heat (1) 
1991: Hornets (0), Nets (0), Kings (0)
1992: Magic (2), Hornets (0), Wolves (0)
1993: Magic (2), Sixers (1), Warriors (0)
1994: Bucks (1), Mavs (1), Pistons (2)
1995: Warriors (0), Clips (0), Sixers (1)
1996: Sixers (1), Raptors (0), Grizzlies (0)
1997: Spurs (6), Sixers, Celtics (1)
1998: Clippers (0), Grizzlies (0), Nuggets (0) 
1999: Bulls (0), Grizzlies (0), Hornets (0)
2000: Nets (2), Grizzlies (0), Clippers (0)
2001: Wizards (0), Clippers (0), Hawks (0)
2002: Rockets (0), Bulls (0), Warriors (0)
2003: Cavs (2), Pistons (Darko), Nuggets (1) 
2004: Magic (2), Bobcats (0), Bulls (0)
2005: Milwaukee (0), Hawks (0), Jazz (1)
Actually I'll stop at 2005 because Williams was the last top 3 pick to make it to a conference finals. Lotta zeroes, and I know I set the parameters, but I consider a decade to be enough time to build a contender. Then consider that the Magic had two top three picks in a row, and Duncan's Spurs are, as Schad pointed out, an aberration. It's more like, if you drafted Duncan, or LeBron, or Howard, or Shaq, you made the right choice to tank.