clock menu more-arrow no yes mobile

Filed under:

2016 NBA Draft Second Round Picks Will Be Expensive; Can the Trail Blazers Buy In?

Second round picks are expected to go for at least $3 million during tonight's 2016 NBA draft. Can Trail Blazers GM Neil Olshey buy into the action?

Craig Mitchelldyer-USA TODAY Sports

If Trail Blazers GM Neil Olshey wants to buy into the 2016 NBA draft he's going to have to open up Paul Allen's checkbook to do it. ESPN's Marc Stein reports that the going cash rate for second rounders will be at least $3 million tonight.

Each NBA team is allowed to include a maximum of $3.4 million in cash in transactions every year. The Blazers have already spent $75,000 buying Brendan Hayward's contract from the Cavaliers and another $75,000 acquiring Brian Roberts and a second round pick from the Heat, per Basketball Insiders. This leaves Olshey with $3.25 million to spend in transactions over the next week. If he does not spend that money by July 1 it will expire and be unavailable in the future.

Yahoo! Sports' Adrian Wojnarowski previously reported that the Blazers are interested in moving into the draft, so it does seem possible, if not likely, that Olshey will be aggressive about using his remaining cash tonight. The Blazers also have a history of purchasing picks on draft night - most recently they acquired the rights to Daniel Diez last June.

Second round picks do not carry a guaranteed salary, making them more appealing than late-first round picks in previous drafts. However, that logic may be changing this year. With the quickly rising salary cap, the relative cost of late first round picks has plummeted; players drafted in the late-20s will be locked into bargain basement contracts for multiple seasons. Second round picks, on the other hand, can become free agents as soon as their second season, and may demand higher salaries than their first round counterparts. The effect, if any, that this development will have on the draft pick market has yet to be seen.