Here are some of Hollinger's key points:
CAN YOU WIN BY LOSING?
Since the league expanded to 29 teams (now 30 teams), we've had 11 draft lotteries. The team with the best odds -- in other words, the team with the worst record -- has, on average, lost 65.7 games. (Quick technical note: Throughout this study, records for the 1998-99 lockout year are prorated to 82 games.)
But those teams don't always win the drawing. Lottery winners have fared a bit better -- on average, they lose 59.3 games. ...
You might think of 60 losses as the gold standard in terms of giving a team good lotto odds, but in fact that team would be fourth or worse in the pecking order in seven of the past 11 lotteries.
Only when a team loses 64 games or more do the odds get to 90 percent or better of having one of the league's worst three records, thereby guaranteeing a draft choice no worse than sixth.
If the goal is to assure a top-four pick, which requires the worst record in the league, the hill gets even steeper. Based on recent history, it takes 67 losses to get better than 50-50 odds of having the worst record.
WHAT'S A LOSS WORTH?
Running through the 11-season progression, we find a 61-loss season produces, on average, a 15.6 percent chance of winning the lottery. ...
... Going from 45 losses to 50 improves a team's odds of winning the lottery by only 1.99 percentage points, which probably isn't worth the bother for most teams.
TOUGH TO TANK
... Tanking in order to win the lottery is actually incredibly difficult. Even a five-game drop in the standings produces only about a 6 percentage point better chance of winning the big prize in most cases (and if you're wondering about the consolation prize in the Durant/Oden Sweepstakes, the impact is roughly the same).
And for a variety of reasons, a team that is tanking games probably won't drop by more than five additional games.
Think about it for a second. Any team bothering to lose on purpose is already obviously bad, so such teams are bound for 50 losses no matter what.
Additionally, most teams probably wouldn't implement such a strategy until about the midway point of the season, so they'd have only about 41 games to follow through on the effort. ...
The logic gets even more tortured for the worst of the worst, however, as they must lose at increasingly prodigious rates to change their fate much.
FOOL'S GOLD?
Of course, all this assumes that our lotto winners hit the jackpot by ending up with the top overall pick. But that's not always how it works out. Look at the recent drafts when there was a consensus No. 1 pick by draft day, and compare how that player turned out against the player picked, say, fifth. Sure, the odds are in the top pick's favor, but it's by no means a home run.
Even if a team wins the sweepstakes for a no-brainer superstar, as Cleveland did with LeBron James, it might not get the best player in the draft -- as Miami fans certainly would argue for that draft, in which Dwyane Wade was the fifth pick.
Allen Iverson turned out great in 1996, but was he that much better than No. 5 pick Ray Allen? ...
And sometimes the consensus No. 1 flops -- as top pick Michael Olowokandi did in 1998. The fifth pick that year? Vince Carter. ...
That's not to say you'd rather pick fifth, mind you ... there are some years when you'll end up with Nikoloz Tskitishvili instead of Yao Ming , for instance. It's just that it doesn't always turn out so badly for the so-called "loser" in the lottery, and that's another factor in analyzing the "tanking" strategy. For all the research teams do, the draft remains an inexact science.
And ultimately, that might be the biggest argument against tanking games for draft position. Not only is the increase in odds of winning the lottery fairly marginal -- only about 6 percentage points in the best cases, significantly less in others -- but it all gets back to the question of "What are we winning here?"
Look at the 10 players starting in the NBA All-Star Game -- only four of them were taken among the first two picks in their respective drafts. And if you look at Marc Stein's picks for the reserves, only two of those 14 gentlemen were top-two picks.
In other words, superstars don't emanate from only the very top of the draft. ...