This is my 4th year in a row doing Fantasy NBA in the same league. The draft is auction style, with each owner having $200 to round out their roster. The past 2 years my strategy on draft night was to avoid bidding on the highest tier players, and instead try and nab 3-4 players in the tier just below. Not a bad strategy, and 2 years ago I won my league so you could say it paid off. Last year though I made a couple mistakes on draft night that really cost me. First, I finished the night with $15 left in my wallet. You don't get that money back, so that just means I didn't bid hard enough in the middle and top of my draft. My other mistake was born from a risky strategy I didn't pull off well. Basically, I'd nominate a bad player with the hopes that others would bid on them and eat up a roster spot, or spend money early on them which would reduce their ability to bid against me when good players came up later. This worked a few times, but in the later rounds I nominated some players nobody bid on, so I ended up wasting my own roster spots on those players. I dumped them on the waiver after the draft, but that still carried the opportunity cost that I didn't get to bid on good players on draft night. At the end of last season I summarized my experience as follows:
C-Fan wrote: ↑12 Apr 2018 09:09
Next year I'll have to approach the draft very differently. Less gambling on potential, be better about spending all my money, and maybe invest a lot more in blue chippers to anchor the team.
So going into this year's draft, I set some new goals:
1. Bid hard on the top level players, and have faith I can round out the bottom of the roster other ways. Basically, if I think I'm better at working the waiver wire and trades than the other owners, then my smartest bet is to spend the bulk of my money on the top players on draft night, and then worry about the final few spots during the season.
2. Finish the night with $0 in my wallet. In past years you could get decent roster filler for around $3-6 a player. Last year I finished draft night with $15 in my pocket and a couple players on my roster I cut immediately. I vowed not to finish with that kind of wasted opportunity cost this year. This basically translated as me bidding harder on top and mid-tier names than I would have in the past. I think it worked out.
3. Don't nominate any players for bid that I wouldn't be OK having on my roster. Or if I do, make sure it's not at a price I can't live with. So for example, I did nominate a couple players I didn't want, with the hope others would spend money and roster spots on them and thereby not bid as much on later players that I actually wanted. But I didn't participate in the bidding on those players once it exceeded a low minimum price. For the most part I pulled this off, with one possible exception. But even that player was only $9, so it's not like that was a disaster.
OK, without further ado, here's how my draft night went.

Giannis and Davis came up for bid very early on, as I expected. My hope was to get one of the 2, to be the main anchor of my team. I ended up getting Giannis for $75, which was the highest price paid for any player all night. I was pretty stoked about this, since I do think he'll be even better than last year given the new coach and new offense they're running. I also like his durability more than Davis, so if I had to choose between the two at this price, I'd take Giannis.

A few players later, KAT came up. I've had him on my team the past 3 years and have not been disappointed, since he's super durable and consistent. I thought I might have to duck out of the bidding if it got into the $70s, but I was able to get him at $67. Still the 4th most expensive player all night, and between him and Giannis I had spent 71% of my budget. While that may seem crazy, it was my strategy and I feel good knowing the core of my team is being built on 2 superstars who have been durable and consistent in the past, and have high ceilings where they can be even better.

With 71% of my budget gone in the first 10 minutes, I had to sit out a bunch of good players for a few rounds. It was hard to do, but I reminded myself to have faith that there were still a lot of good players left and that I should be able to nab some in the $10 range towards the end. Every 10 turns I got to nominate a player for bid, so I kept picking players I didn't want so others would spend their money and roster spots on them first. Still, it was tough to see so many good names come up and know I couldn't bid in those ranges.

My third player acquired was Gobert, for $18. Was surprised to get him this cheap, since just a year ago he was considered just outside the top 10 (last year somebody paid $46 for him). I know he had some injuries last year, but I still expect him to put up double digit points and rebounds with good percentages and blocks. 3 players in, I feel really good about my team. Giannis/KAT/Gobert is a solid core, even if it did eat 80% of my budget.

My next pick makes me feel a lot worse. Harrison Barnes comes up, and for some reason I think people on autodraft will have him in the $20 range. So I get stuck with him at $9. I also didn't realize he's dealing with a minor injury now. Not horrible though, since he's still the key cog of his team's offense, and will probably still put up close to 20/6. Still, this is probably my worst pick of the night at this price.

My next pickup is Wiggins for $6. I'm not a big fan of his game, and I didn't enjoy owning him last year. That said, if the Wolves trade Butler soon I expect Wiggins will benefit in touches and minutes, so a 20+ pt season is likely. For $6, and at a position I had empty (SG), this feels like a good value.

I've now used 88% of my budget and filled...38% of my roster. I tell myself to trust the process, since the last 3 spots on the roster aren't worth the same as the first 3 spots. Still, kinda terrifying only having $25 left to fill over 60% of my roster.

Brandon Ingram comes up, and I fight my last true bidding war of the night. I get him for $10, which is high but is also a bet on his upside. LeBron has been pumping him up, and I wouldn't be surprised if he ends up being second on the Lakers in scoring this season. It's a bit of a gamble, but the upside is there.

My next 3 picks are Zach Lavine for $4, Myles Turner for $5, and Aaron Gordon for $2. They all had disappointing seasons last year, but I expect at least 2 will have bounceback seasons this year. And for those prices, I'm not risking much. I spent $31 on Turner last year and was let down, but for $5 I'd be OK with a 10/8 season, and I'd be shocked if his basement is even that low.

At this stage I've spent 98% of my budget...and I still lack a point guard. Yikes. I try not to worry too much, since I can get one through a trade. Looking at whose left in the draft, I pick up Schroder for $1. Yeah he'll be a backup behind Westbrook, but I'm hoping he can still put up good numbers if he's playing against second units, or maybe the Thunder try playing Westbrook off ball some and Schroder is funtionally the starting PG. Or if Westbrook is hurt a lot this year, he should pick up the minutes. Either way, for $1 I'm happy to get him as my first and only PG.

I'm down to my last $3, to spend on 3 roster spots. Here's where my knowledge of sleepers hopefully pays off. I'm hoping to get Caris LeVert but I'm outbid, but I pick up Gary Harris and Taurean Prince which both feel like wins.

My final pick I panic, and select Gallo. I didn't feel great about it, and I'll likely cut him the second he gets injured, but for the last pick of my draft with my last dollar, I feel like I could have done worse.
Overall I felt really good about my draft. I stuck to my plan, I got 2 of the top 4 players to anchor my team, I finished the night with $0 in my wallet, I got a few players at under-market prices, and my few questionable moves weren't overly costly. My biggest issues/regrets are my lack of point guards, and some of the uncertainty around KAT/Wiggins that stems from the Butler trade demand. But I expect that will resolve itself one way or another by the playoffs, and if Butler does get traded that could significantly boost the value of both my guys. I think my plan for the next couple weeks is to either trade for a PG or do some kind of 2:1 trade to upgrade a position and open a roster spot, which I'll then fill with the best available PG on the waiver. Ultimately though, I'm hopeful that if KAT, Giannis, and Gobert all stay healthy and have strong years, my lack of PG depth won't matter much anyway.