It is completely an entirely based on the situation though. And in the current climate, many teams find themselves in a situation where a first-round pick holds much more value than trading it for a "contributor" as it won't really put them over the top in any meaningful way. Yet a first-round pick CAN hit and CAN be developed under team control which is probably the smarter route to take if you're not close to challenging the Warriors.
They are like moonshots... I hang out a lot in the VC startup world and the deal is hit big or fail fast. One guy told me they don't want companies hitting on the brakes as they drive off a cliff.
Same for firsts... even if it is a 10% chance you hit on a starter and it shows some promise you can get a huge premium for that guy. The first round picks are like buying a new car doe... drive it off the lot and it loses value quick.
I'd look at guys drafted in the middle of the first round in this past draft and get some of those guys if available. That may be where the market inefficiency is. Not quite second draft but guys picked that haven't had a chance to play and have lots of time left on their deals. DJ Wilson is a guy I could see being available... maybe Justin Patton.
Cleveland just opened up cap space for the Lakers this Summer. What is going on?