Ok but what’s the % of a team NOT having a top 5 pick and reaching the Finals?
Let's take a look.
In this list, I'm only looking at players that were actually important to their teams. Not counting ring-hunting vets on the bench or whatever. You can argue some of these picks if you want, but the only player that would change the final percentage is Bogut on the Warriors. I counted him in 2015, but not in 2016.
2000: Lakers had Shaq (1st).
Pacers had no top 5 picks.
2001: Lakers had Shaq (1st). 76ers had Iverson (1st) and Mutumbo (4th)
2002: Lakers had Shaq (1st). Nets had Kidd (2nd), Keith Van Horn (2nd), and Kenyon Martin (1st)
2003: Spurs had Duncan (1st) and Robinson (1st). Nets had Kidd (2nd) and Kenyon Martin (1st)
2004: Pistons had Rasheed (4th) and Billups (3rd). Lakers had Shaq (1st)
2005: Spurs had Duncan (1st). Pistons had Rasheed (4th) and Billups (3rd).
2006: Heat had Shaq (1st) and Wade (5th).
Mavericks had no top 5 picks.
2007: Spurs had Duncan (1st). Cavs had LeBron (1st).
2008: Celtics had KG (5th) and Allen (5th). Lakers had Odom (4th) and Pau Gasol (3rd).
2009: Lakers had Odom (4th) and Pau Gasol (3rd). Magic had Dwight (1st).
2010: Lakers had Odom (4th) and Pau Gasol (3rd). Celtics had KG (5th) and Allen (5th).
2011: Mavs had Chandler (2nd) and Kidd (2nd). Heat had Wade (5th), LeBron (1st), and Bosh (4th).
2012: Heat had Wade (5th), LeBron (1st), and Bosh (4th). Thunder had Durant (2nd), Harden (3rd), and Westbrook (4th).
2013: Heat had Wade (5th), LeBron (1st), and Bosh (4th). Spurs had Duncan (1st).
2014: Spurs had Duncan (1st). Heat had Wade (5th), LeBron (1st), and Bosh (4th).
2015: Warriors had Bogut (1st)--kind of a stretch on this one. Cavs had LeBron (1st), Irving, (1st) and Love (5th).
2016: Cavs had LeBron (1st), Irving, (1st) and Love (5th).
Warriors had no top 5 picks--gonna stop counting Bogut for this one.
2017: Warriors had Durant (2nd). Cavs had LeBron (1st), Irving, (1st) and Love (5th).
2018: Warriors had Durant (2nd). Cavs had LeBron (1st) and Love (5th).
2019:
Raptors had no top 5 picks. Warriors had Durant (2nd) and Cousins (5th).
2020: Lakers had LeBron (1st), and Davis (1st).
Heat had no top 5 picks.
2021:
Bucks had no top 5 picks. Suns had Chris Paul (4th) and Ayton (1st).
2022: Warriors had Wiggins (1st). Celtics had Brown (3rd), Horford (3rd), and Tatum (3rd).
2023: Nuggets had Gordon (4th).
Heat had no top 5 picks.
2024: Celtics had Brown (3rd), Tatum (3rd), and Porzingis (4th). Mavs had Doncic (3rd) and Irving (1st).
So over 25 years, that's 7 teams out of 50 that had at least one top 5 pick, or 14%. Honestly, a lot of those teams had 1st overall picks.
Keep in mind that one thing this list can't account for is how teams might have leveraged top 5 picks to get other talent.