The Nets finished with the NBA’s worst record (12-70) and have a 25 percent chance to land the No. 1 pick. The Nets’ new owner, Russian billionaire Mikhail Prokhorov, will make his first public appearance as team owner by attending the lottery and hopes to bring his team luck, The New York Times reported.
Meantime, the Knicks are hoping to rebuild quickly via the free agent front and must hold out hope that LeBron James’ early playoff exit at the hands of the Boston Celtics will expedite his exit from Cleveland.
The Knicks have more than $30 million in salary-cap space to spend on two max-contract free agents, with James, Chris Bosh, Dwyane Wade and Joe Johnson at the top of the wish list.
But as far as supplementing those stars with top draft picks, forget about it.
The Knicks traded Jordan Hill, the No. 8 overall pick in the 2009 NBA Draft, to bring aging veteran Tracy McGrady to New York while also freeing up cap space.
As part of that three-team deal, the Rockets and Knicks also swapped first-round picks in 2011 and the Knicks’ surrendered their first-round pick in 2012.
The 2011 pick is top-1 protected and the 2012 pick is top-5 protected.
“Its definitely a gamble,” said Jonathan Givony of DraftExpress.com “You’re essentially mortgaging your future and putting yourself in a position where you have no margin for error. What we need to keep in mind is, I’m not sure Donnie Walsh had much of a choice here. His hands were tied by the previous regime and he had almost no other assets [except Danilo Gallinari] to work with. It’s almost an impossible situation he was put in.”
After making the McGrady deal in February, Walsh said he’s “hopeful” that those picks won’t turn out to be very high once they’re used.
“I’m hopeful, but I don’t know,” he said. “That’s the risk, that you don’t know.”
He insisted he has added “flexibility” to the franchise and remains confident that his plan is coming along nicely.
“I thought it was a good bet,” he said. “This puts the franchise in a position where it can build a contending team.”
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