Nathan Sliver, sevenfortyseven.com:
This past off-season brought about two of the most controversial trades of all time, the Knicks/Bucks reparation trade and the Magic/Sixers Peeler contract dump trade. These two deals were made for very different reasons but were woven from a common thread. The central pieces in these trades that caused such uproar were second round draft picks. This caused me to wonder, what is a second round draft pick really worth? The generally accepted value of a second round pick in the league is essentially nothing. This article seeks to understand the true value of a second round draft pick by analyzing the outcomes of the players drafted in the last 7 second rounds of the draft.
I begin with a very simple question. How many players drafted in the second round over the last seven years are even on an active roster today? Of the 203 second rounders over the last seven years, 40 are on an active roster. If you assume that the general managers of the PBSL are good judges of talent and only employ the best players, then this would infer that a second round draft pick has a 20% of turning out to be useful. Looking at the difference between the average total player attributes of second round draft picks on an active roster and the average total player attributes of unemployed second rounders, it does appear that the GMs are earning their keep. The average active second round draft pick has a total player attribute score of 670, whereas the average inactive second rounder only manages 578. A 92 point difference is nothing to laugh at but this brings us to my next question. . . Are second round draft picks only worthless because GMs make them worthless?
Let's compare the average total attribute score of active and not active second rounders on a pick by pick basis.
- By draft pick.GIF (40.77 KiB) Viewed 1573 times
As you can see, the difference is staggering in almost every case, especially when it comes to the top ten picks. Are GMs really that good at nosing out the winners? Absolutely not. Most owners mindlessly let the computer select a player with their second round pick and cut the player without a second thought. What tends to be forgotten is that these are young players that very well could experience significant growth in training camp. To demonstrate that this actually is the case, let's look at the average player scores of inactive and active second round draft picks on a year by year basis.
- By years experience.GIF (7.77 KiB) Viewed 1573 times
The inactive second rounders just waste away on the free agency list while the active players grow over the years. At this point, many may be thinking, 'Sure, they grow but that doesn't mean they actually end up being useful.' So let's look at that next.
- Quartiles.GIF (14.35 KiB) Viewed 1573 times
A fairly astounding 43% of active second rounders aren't even in the lowest quartile of players on active rosters when it comes to total attribute score and 1/8th of them are above the 50th percentile. This is particularly interesting when considering that most of these players were drafted by the computer, which doesn't always make the best decisions and with some of the best second round talent has been wasted by being cut automatically.
So, at the end of the day, is a second round draft pick worth anything? The answer is that a second rounder is certainly worth more than they are currently valued by GMs. The first 10 picks of the second round appear to have the potential to be good role players at the absolute best price possible. They are great gambles for a rebuilding team. If one of them goes yellow/green after 1 or 2 training camps they could then be packaged as part of deal to bring in a star. They are also great roster fillers for cap strapped contenders looking to minimize their luxury tax.
Let's go back to the Knicks/Bucks trade before we close. The Bucks are rebuilding so they are currently on pace to land the third pick of the second round, which the computer predicts would be used to draft Fred Jones, who honestly looks like he could be a servicable backup shooting guard. After all the hubub, the Knicks may have been getting the better end of that deal.
So be patient with these young guys and don't get caught undervaluing second round draft picks.