BBallFreak wrote:Knosh wrote:NBA teams ought to be risk seeking to some extent. Just to go along with the example: A 35% chance at $1000 might be better than $700 for sure. Because $700 doesn't "buy you a championship", so it's basically the same as $0, but $1000 does.
$1000 players need $700 players surrounding them to win championships.
Spoken like a man who is accustomed to having $1000 players on his team, shrink said jealously.
I really like HartfordWhalers idea of quantifying this, because it allows us to bring in the concept of expected value, summing all possibilities. It also quickly allows us to pinpoint where we have differences in valuation.
We all have different views on risk aversion, and I think you and I are probably very similar on this metric. I put a lot of value on actual production vs NBA players, and I sometimes think people on REALGM often over-value the p-word (potential). To each his own, so that's cool. You and I are probably share the same thoughts on the probabilities of Giannis becoming a true superstar too.
However, I think the value gap between a very good player and a superstar is far more than $700 and $1000. This is a superstar league, and superstars define the success or failure of franchises for years. Lawson could put up 70% of the production of Durant, and still not be worth 20% of his value to a franchise.
I'm not saying Gianni's will become a superstar. That is a very hard path, and I would say it is very unlikely (I'd say lower than 35%). However, only a couple of handfuls of players even have the chance, and Giannis does. I believe that chance is high enough to make Giannis' jackpot return worth more than Lawson.
Good discussion and good points on each side. I enjoyd reading everyone's perspective in this thread, so thanks for making it.