Question:

The NBA offseason is a season unto itself, with drama, trade rumors, blockbuster moves, and more. Just this year, we saw the Utah Jazz send out two franchise cornerstones in Donovan Mitchell and Rudy Gobert, rumors swirled around the future of Kevin Durant and Kyrie Irving in Brooklyn, and more.

How have these rumors and moves impacted player values during the NBA offseason? Do players or teams who are featured heavily in trades, free agent signings, or other news see increases or decreases in sale prices?

As a NBA fan, very pleased with another TopShot question btw.

About NBA TopShots on Flow:

Non-fungible token or NFT is one of the types of unique cryptographic assets and the abbreviation is Non-fungible token. NBA Top Shot allows users to buy, sell, and collect NBA NFTs that showcase influential “Moments” minted on the FLOW blockchain. Some Moments are rarer than others, with the rarest versions being worth the most. Moments are minted in “Packs,” much like you'd expect from physical trading cards.

The NFTs on TopShots have been grouped by various aspects like:

• Play type
• Player
• Team
• Play categoty

Overview of analysis:

This is a comprehensive study about trades and free agent signings and their impacts on sale of NBA TopShots.

The main parts of this analysis contains:

1. Mitchell trade to Cavaliers
2. KD and Kyrie situation via NETs
3. Gobert trade to Timberwolves
4. Lakers activity on off season and LeBron contract extension

The off season started since June 30, 2022 and the October 18 will be the Start of 2022-23 NBA regular season

Methodology:

The data provided by Flipside has been used to handle this analysis.

In this analysis, the following topics have been covered:

• The NFT sale on Flow →FROM flow.core.fact_nft_sales

  Where TX_SUCCEEDED='TRUE' and NFT_COLLECTION='A.0b2a3299cc857e29.TopShot'

  and CURRENCY='A.ead892083b3e2c6c.DapperUtilityCoin'

• Find out the Date of trades and important events during off season

• Metrics like: Sale volume and count, 7-day moving average and average sale price during off season

• Divided analysis by team and players associated with trade or any other activity.

  \

Part 1: NBA TopShots during Off season

Findings:

• The overall sale stats during off season have been decreased.
• The sale metrics have been spiked on some special dates like August 24, September 6 and etc.
• The highest average sale price during off season happened on September 24 with over 45 USD.
• Now lets see what make these spikes during off season by analyzing top events.

Part 2: JAZZ Trade MITCHELL to CAVALIERS 

Findings:

• Utah Jazz traded Donovan Mitchell to Cleveland Cavaliers on September 3rd. On this trade Donovan mitchel, Collin Sextoon, Laura Markkanen, and Ochai Agbaji traded between these teams.
• The sale stats of Cavaliers and Jazz increased after this trade as can be seen. Also, the highest 7-day moving average reached its maximum level during off season on September 29 for both teams.
• The players associated with this trades have been analyzed and according to the results, the 7-day moving average sale price related to Donovan Mitchell increased after that date.
• From the traded players on this trade, the Collin Sexton has the highest sale price on September 28. He known for special dunks and its NFTs are popular among users.

Part 2: Kevin Durant and Kyrie Irving situation with Nets

Findings:

The KD and Kyrie situation via NETs has been followed by NBA fans during off season. Some special dates for KD decisions and Kyrie used his player option to remain in Brooklyn.

• Take look at these dates that has special effects on sale of NFTs related to Kevin Durant and associated teams:

• Date: June 30→ Kevin Durant requests a trade→ The NFTs related to Durant team has been increased after that date.
• Date: July 25→ Celtics enter trade talks for Kevin Durant→ After that date, the sale volume of Celtics increased significantly.
• Date: August 22→ Grizzlies enter Kevin Durant sweepstakes→ On that date, the sale of Grizzlies NFTs increased by volume and count of unique buyers.
• Date: August 23→ Nets, Kevin Durant agree to "move forward" with their partnership→ After announcement the NFTs related to Brooklyn Nets has been increased as can be seen. But after that decision, the sale volume of NFTs related to KD decreased.

> Kyrie Irving reportedly wants to stay with Nets as Durant trade process drags out. On July 13.

• The Kyrie decision related to using his player option to remain at NETs has been affected the sale volume and the 7-day moving average sale price for NFTs related to Kyrie kept increasing trend.

\n

Part 3: JAZZ Trade Gobert to Minnesota Timberwolves

Findings:

The next important trade is trading Gobert to Timberwolves. Gobert is the best defensive player on NBA for many years and his partnership with Karl-Anthony Towns could be one of the most scary duos on NBA specially in the paint area.

• This trade happened on July 6 and Rudy Gobert, Malik Beasley and Patrick Beverley are associated with this trade.
• On that the sale volume related to Jazz decreased and for Timberwolves its enhanced.
• The day after this trade, the count of unique buyers for Timberwolves NFTs enhanced accordingly.
• On July 6, the sale volume and purchasers of Goberts NFTs enhanced.

Part 4: LA Lakers activity, LeBron and Redeem team Documentary

Findings:

Lets talk about the Lakers situation during off season: Carmelo Anthony departed from Lakers and Patrick Beverley added to the team.

• LeBron extended his contract with Lakers on August 4 and the spike on August 5 is because of this event.

> Recently, Netflix released a documentary, The Redeem Team, about Team USA and its journey from the 2006 World Cup to the 2008 Olympics in Beijing, in which LeBron James and other stars shared interesting stories and their perspectives.LeBron James thinks that Team USA of the 2008 Olympics, known as Redeem Team, is the greatest international basketball team ever.

• The sale stats of NFTs related to King James dominated the sale price. After that interview the NFTs of LeBron increased on sale price.
• The sale volume of NFTs related to Carmelo Anthony reduced in the final days of off-season.

To Kobe Bryant

I dedicate this research to the memory of Kobe Bryant who made me love basketball.

24 forever -- MAMBA OUT

Useful links:

• Article about NFTs on Flow
• NFT sale on Flow
• NBA Top Shot

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani