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Boardroom is a sports, media and entertainment brand co-founded by Kevin Durant and Rich Kleiman and focused on the intersection of sports and entertainment. Boardroom’s flagship media arm features premium video/audio, editorial, daily and weekly newsletters, showcasing how athletes, executives, musicians and creators are moving the business world forward. Boardroom’s ecosystem encompasses B2B events and experiences (such as its renowned NBA and WNBA All-Star events) as well as ticketed conferences such as Game Plan in partnership with CNBC. Our advisory arm serves to consult and connect athletes, brands and executives with our broader network and initiatives.

Recent film and TV projects also under the Boardroom umbrella include the Academy Award-winning Two Distant Strangers (Netflix), the critically acclaimed scripted series SWAGGER (Apple TV+) and Emmy-nominated documentary NYC Point Gods (Showtime).

Boardroom’s sister company, Boardroom Sports Holdings, features investments in emerging sports teams and leagues, including the Major League Pickleball team, the Brooklyn Aces, NWSL champions Gotham FC, and MLS’ Philadelphia Union.

Ian Stonebrook

The Business Behind Improving a Player’s Stock in the NBA Draft

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In a pool of talent with more depth than ever, how do hoop hopefuls climb from second-round status to lottery land? Boardroom spoke with experts to hear how potential pros best increase their own stock.

They call it the Green Room for a reason.

A year ago in Barclays, Duke phenom Paolo Banchero heard his name called first to the delight of many and the shock of some. After an amazing year in Durham, the do-it-all forward leaped from a surefire top-three pick to a surprise No. 1 selection in what felt like a matter of moments.

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Shaking hands with Adam Silver and putting on an Orlando Magic cap, Banchero inked a $50.1 million deal with the Florida franchise.

For reference, Paolo’s sum salary was over $5 million more than that of Chet Holmgrem at No. 2 and almost $10 million more than Jabari Smith at No. 3.

Atop the NBA Draft and all the way into the last picks, the talent margins are often slim, but the payouts prove vast.

Falling from the Top 10 to the second round can mean millions in annual earnings and the difference between guaranteed money and fighting for a roster spot.

So, just why do certain players rise and fall, and what can be done to start one’s professional path on the right foot?

Ahead of the 2023 NBA Draft, Boardroom spoke with experts who operate in the business of maximizing talent. Learn what teams are looking for and how a prospect can best control their own destiny.

Mental Makeup

The game of basketball is more complex and talent-rich than ever before.

Coming off the heels of an NBA postseason where a 7-foot Serbian selected in the second round dominated opponents as a point center, the positionless play of basketball’s best has transformed the hardwood into a chess board. To truly have an impact on both sides of the ball, it’s more than just jumping high and cutting quickly.

One has to see, think, and feel the game in a sharper, smarter, and faster fashion.

“They used to call these things intangibles,” AIQ founder Dr. Scott Goldman told Boardroom. “I think the intangibles are actually measurable.”

AIQ, which stands for Athletics Intelligence Quotient, tests an athlete’s ability to problem-solve and make decisions on the go. In 2023, the game of basketball reads more like a Rubix cube than ever before when considering floor spacing, defensive rotations, and matchup hunting.

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The game’s greatest decision-makers, whether trusted veterans or ascending talent, can quickly solve such situations in manners that make them more valuable than a peer with comparable physical measurables.

“Through a player’s eyes, the chaos is more like a synchronized dance,” Goldman says. “You’ll hear players go, ‘It just made sense to me that’s where the game was going.’ That’s intelligence. It’s how well you see that stuff, it’s like going from analog to 4k.”

In a sense, it’s why Draymond Green can play at an elite level despite entering the league as a tweener. It’s why Tyrese Haliburton has made the All-Star team in only his third season.

“A point guard in transition has to identify reads,” Goldman says. “Multiple target search is about being able to scan. Think about a guy who has to scan a jab step and read the body language to know what’s next. Similarly, a ballhandler might need to scan to see where his teammate’s hands might flash.”

To Goldman and many NBA execs, the unseeable measurables revealed by AIQ raise the profile of a pick the same way an inordinate wingspan or an insane vertical jump can. Having an intimate understanding of one’s AIQ scores and the team profiles said skillset fits is a selling point for prospects looking to increase their worth.

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When considering last year’s class of NBA entrants, the proof appears to be in the pudding where AIQ is concerned.

“The [2023] All-Rookie Team scored higher on AIQ by over 30 percentile points, which is a massive margin,” says Goldman. “We have positional focus and teams really seem to value that. Improvising and being creative is definitely a cognitive component. As AIQ goes up, the performance goes up in meaningful stats like field goal efficiency, rebounds, and turnover rates.”

Thus far, AIQ has proven an indicator of immediate success and eventual ascent. Like any NBA situation, franchise fit and opportunity often set the stage for an athlete to truly reach their potential.

Take, for instance, Lauri Markkanen, the No. 7 pick in the 2017 NBA Draft. After a somewhat slow start in Chicago and a stop in Cleveland, Markkanen found his way as an All-Star in Utah voted 2023’s Most Improved Player. It is said that he scored strongly in overall AIQ testing and highly in the spatial awareness subset.

What may surprise some is that scores related to spatial awareness and on-the-fly problem-solving are about as certain as height itself. Though the brain can be taught, pattern recognition can be almost innate.

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What can be expanded is mindset and approach.

“The newest tool is having guys see a sports psychologist,” NBA performance consultant Adam Quinter told Boardroom.

Quinter, a trainer who played professionally prior to working with the likes of Aaron Gordon , Andrew Wiggins , and countless others, spends the majority of his time improving athletic ability.

However, he’s seen just as impressive gains in growing games by working on players’ minds.

“I have a guy, Zack Hollis,” Quinter says on his preferred sports psychologist. “He’s a younger guy who just got done playing overseas. That’s the next wave. Kevin Love started the mental health wave, but having guys visit a sports psychologist right away as rookies? It’s going to change their perspective on what matters most.”

Consider this: All-time talents like Michael Jordan, Kobe Bryant, and Shaquille O’Neal worked with George Mumford during their title reigns. One has to wonder just how much an edge an incoming rookie could gain by getting on said wave prior to their professional start.

Still, while selling strengths between the ears matters much, it’s the training they implement on their body that impacts draft status the most.

The Agile Athlete

A prospect entering the 2023 NBA Draft is now expected to be able to switch on defense 1 through 5 and stay on the court through the course of a grueling postseason.

“Mobility is half the game,” Quinter says.

Working with MarJon Beauchamp, a player who rose in the ranks of the 2022 NBA Draft to the tune of a first-round selection, Quinter has seen firsthand the demand for the mobile athlete who can defend multiple positions. While nothing tests defense like actual gameplay, there are plenty of exercises leading up to the draft process that can increase one’s aptitude when locking up an opponent and making multiple switches on a single possession.

“Yoga crosses over to basketball so fluidly, especially in a lateral demeanor,” says Quinter. “We’ll spend a lot of time on one leg moving laterally. Their whole defensive game will change right in front of your eyes because nobody focuses on that in the weight room.”

Across the NBA, tall, mobile wings like Beauchamp are a bet that any and every franchise is investing in.

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Quinter cites the tall 3-and-D player as the new prototype, which makes sense. In today’s game, if you can’t shoot or defend, you can’t play.

While shooting is all reps and defending is mostly mobility, measurables such as height and athleticism in a vertical- and speed-sense can actually increase with the right trainer — and easily accessible medical assistance.

“If you get a chiropractor to help guide your practice to stand taller so their knees aren’t hurting? You’ll see their verticals jump 2 to 3 inches,” Quinter says. “They’re knocking 3/10 of a second off their 40 just doing that — we haven’t even touched a weight yet.”

Quinter has seen these types of gains take place in active NBA talent as well as high school students at Sierra Canyon. That gap between — eventual NBA lottery lands — is where these minor adjustments often lead to major payouts.

This summer and in many summers to follow, Quinter will work with upcoming talent to make them professionals long before they shake hands with Adam Silver. It’s a process of preparing for a career that’s to be taken seriously like any other six-figure salary occupation.

“Pre-draft is about habits and most of these players come in with terrible habits,” Quinter says. “Usually in their programs, they don’t eat well, they don’t stretch well, and they don’t sleep well. Pre-draft is all about habit-building. Those things can put you ahead of a person from the standpoint of being a professional. If you’re not going to be a professional now when everyone is so good and so athletic? You’re going to break down.”

In an era where every player is uber-athletic and competition comes from all corners of the globe, a business-oriented approach to training, testing, and scheduling is how hoop hopefuls invest in their futures and best raise their ultimate draft status.

Pricing a Prospect

On Thursday night, French phenom Victor Wembanyama  will hear his name called first in the 2023 NBA Draft.

Set to make multiple millions over the course of his rookie contract , Wemby’s height sets a ceiling that can’t be coached. Standing well above 7 feet tall, his status as a lottery land was well cemented months before the big night at Barclays.

For every other prospect in this year’s draft and the many more to come, it will take more than just talent to achieve their draft dreams, but a dedication to the professional lifestyle long before it.

“You have to have discipline,” Quinter says. “They should all be on Google Scheduler just like a real job. You should be busy all day long doing something that’s related to your job. Because if you’re not and don’t take it seriously? There’s another man that’s going to take your job.”

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From focusing on important combine drills such as vertical leap and shuttle test to tracking sleep and strain with wearable tech tools like WHOOP , maximizing measurables and recovery time all impact playing at the highest level and being paid to do so.

These high-level habits are part of being picked as a pro and seizing staying power.

“When it comes to sports, there’s no way you’re going to have a successful career if you’re not doing the right things,” says Quinter. “They’re running Ferraris where we used to be running Corollas. Every single guy now is athletic.”

As explained earlier, today’s players are expected to be Ferraris with Tesla computer screens in each dashboard.

Selling speed, spacial awareness, and ability to read a defense are all expected of a prospect presenting themselves to teams.

Sometimes it means maximizing testing scores and crushing workouts. Other times, it all comes to meeting with the right teams to find the perfect place to best flourish — whether the big payday comes on draft day or seasons after one’s NBA arrival.

“When you really know the player, you can make well-informed decisions,” Goldman says. “There was a late draft pick who really developed in his team’s system [based on his AIQ.]

“He just signed a max contract.”

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Meet the Secret Weapon Behind Elite Athlete Investments

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Matt Barnes and Rich Kleiman Reflect on the New Media Model

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Inside the NBA’s Strategic Bet on Content Creators

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Election 2024: How the NBA, NFL, Other Sports Leagues are Rocking the Vote

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New York City Isn’t Sleeping on Kiyan Anthony

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Jalen Brunson: The NBA’s Unexpected Superstar

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nba draft business plan

NBA approves plan to hold draft over two days for first time

Victor Wembanyama was the Spurs' prize atop last year's NBA draft.

The NBA draft is moving to a two-day format for the first time.

The league on Wednesday announced the change, which had been in the works for several months. Round 1 of the draft this year will be on Wednesday, June 26 at Barclays Center in New York. Round 2 will follow on June 27 at ESPN’s Seaport District Studios in New York.

Last year’s draft — with Victor Wembanyama going No. 1 overall to the Spurs — lasted nearly five hours and ended around 12:45 a.m., which is one of the primary reasons for stretching it over two days.

The time between picks in the first round will remain five minutes. It will increase from two minutes to four minutes in the second round.

Teams have a slew of business to tend to in the hours following the draft, such as reaching agreements with undrafted free agents and finding players to fill rosters for the looming summer leagues. The league also expects that having draft broadcasts ending at a more reasonable hour will be more viewer-friendly.

The June 26 start date for the draft is three days after Game 7 of this season’s NBA Finals, if the series goes the full distance. The finals are scheduled to begin on June 6.

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The order for this season’s draft will be finalized at the draft lottery on May 12. That’s followed by the draft combine in Chicago, scheduled this year for May 13-19 under new rules.

All prospects who are invited by the NBA must attend the combine — where they’ll have to participate in certain skills evaluation, height and wingspan measurements, medical examinations, team interviews, media sessions, and more — in order to be eligible for the draft. Prospects will not be required to take part in scrimmage games that are part of the combine’s offerings. This is a significant change from past years, when many top draft picks chose to skip the combine entirely.

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nba draft business plan

2024-25 NBA Draft Guide: Auction Strategy

nba draft business plan

This was a two-man effort by André Lemos and Ke ston Paul . We hope to give you a good foundation if you are new to auction leagues and intend to try one this season. I f you have already participated in one , there are more advanced tidbits which should be enlightening and useful. Enjoy!  

Mastering Auction Drafts in Fantasy Basketball: An In-Depth Guide  

Fantasy basketball auction drafts (also called salary cap drafts) have transformed team-building strategies, offering a dynamic and strategic alternative to the traditional snake draft format. Unlike the snake draft, where the order is predetermined and fixed, auction drafts provide every manager with the opportunity to acquire any player, provided they’re willing to spend their allotted budget. This flexibility necessitates a deep understanding of auction mechanics, strategic planning, and in-draft adaptability to optimize your roster.  

The Mechanics of Auction Drafts  

In an auction draft, each manager begins with a fixed budget, often set at $200. This budget is used to bid on players, and the process unfolds in several stages:  

  • Nomination: Each team nominates a player for bidding. This can be any player, from high-profile stars to potential sleepers.
  • Bidding: Managers place bids using their remaining budget. Bidding progresses in increments and the highest bid wins the player.
  • Winning and Budget Deduction: The winning bid amount is deducted from the manager’s budget, and the player joins their roster.
  • Repeat: This process continues until all roster spots are filled.

This format eliminates the disadvantages associated with draft order in snake drafts, providing a level playing field where strategy and budget management are crucial.  

Keys to Success in Auction Drafts  

  Want to get access to the rest of this NBA FantasyPass piece? You’ll need to have an NBA FantasyPass membership or purchase the Draft Guide. Click here to learn more and sign up!    

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IMAGES

  1. 2021 NBA draft tracker: Every pick and first-round analysis

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  2. COVID-19 Strikes Again: The 2020 NBA Draft Combine Is On Hold.

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  4. NBA Draft 2020

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  5. Analyzing the NBA’s business growth strategy: How the basketball league is investing in

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  6. NBA Draft Post Analysis

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COMMENTS

  1. How Spurs laid the groundwork for 2023 NBA Draft to change everything

    The Spurs entered this latest endeavor with optionality at the forefront of their thinking and a young core of talented players drafted over the years starting with Keldon Johnson (No. 29 in 2019 ...

  2. A Comprehensive Guide To How NBA Expansion Will Eventually Work

    The NBA last held an expansion draft for the then-Charlotte Bobcats in 2004. It took place between the conclusion of the NBA Finals that year and the start of the 2004 NBA draft.

  3. NBA expansion FAQ

    When could the NBA actually have a new team or teams? It's a fluid and uncertain process. The NBA last announced expansion in 2002, and the Charlotte Bobcats started play in October 2004.

  4. NBA Draft: The Business Behind Improving a Player's Stock

    Shaking hands with Adam Silver and putting on an Orlando Magic cap, Banchero inked a $50.1 million deal with the Florida franchise.. For reference, Paolo's sum salary was over $5 million more than that of Chet Holmgrem at No. 2 and almost $10 million more than Jabari Smith at No. 3.. Atop the NBA Draft and all the way into the last picks, the talent margins are often slim, but the payouts ...

  5. Sponsors finalizing activations for NBA Draft

    NBA corporate sponsors are finalizing activation plans for the league's first two-day draft, which starts tomorrow evening at the Barclays Center in Brooklyn. State Farm is again presenting sponsor of the draft, one of eight league sponsors with commercial inventory in the ABC/ESPN TV coverage, along with AmEx, AT&T, DoorDash, Expedia, Meta ...

  6. NBA approves plan to have draft held over a 2-day format for the first

    The NBA draft is moving to a two-day format for the first time. The league on Wednesday announced the change, which had been in the works for several months. Round 1 of the draft this year will be on Wednesday, June 26 at Barclays Center in New York. Round 2 will follow on June 27 at ESPN's Seaport District Studios in New York.

  7. A Statistical Analysis of the NBA Draft

    Malone, the 13th overall pick in the 1985 NBA Draft, exceeded the WS48 of the average 13th overall pick, .0799, by roughly .1251. As indicated in the chart below, Karl Malone was the second most ...

  8. Analyzing the NBA's business growth strategy: How the basketball league

    The NBA is one of the largest and most influential sports leagues in the world.. The final game of 2022 between the Golden State Warriors and the Boston Celtics saw a peak of over 15M viewers — larger than the entire population of Belgium. Each of the 30 teams in the league is valued on average at over $2B.. NBA teams primarily make money via ticket sales, merchandise sales, and TV deals.

  9. NBA moving draft to two-day format

    nba NBA approves plan to hold draft over two days for first time Victor Wembanyama was the Spurs' prize atop last year's NBA draft. ... Teams have a slew of business to tend to in the hours ...

  10. 2024-25 NBA Draft Guide: Auction Strategy

    NBA FantasyPass - For just $7 every month, you get access to our Draft Guide and In-Season content, expert Q&A sessions, rankings, projections, draft strategy, and season-long features. The price you sign up for is the price you're grandfathered into FOR LIFE as long as you keep your membership active!