re: Final Lakers offer to Pels

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IMO the whole key to the Anthony Davis saga is that, per our numbers, both Ball and Ingram have played to only the ~10th or 20th percentile of their preseason projections. They've stagnated, maybe even regressed, in a year when they were supposed to show a lot of development.

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I should do the math on this more precisely, but the reduction in long-term expected value from Lonzo + Ingram (combined) works out to something like $35m in cap space per year, i.e. it's basically like losing a max-level player.

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That just takes so much value off the table. If their development had been on track, then say Lonzo + Ingram + one 1st would have been a pretty fair offer for Davis. Maybe the Pelicans squeeze one more asset out, maybe even 2, but the trade happens & everyone feels pretty good.

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