‘Bullseye’ trading to rise amid market panic
The trading frenzy surrounding the blockbuster NBA trade of Jimmy Butler to the Timberwolves has been a major distraction for many.
Now, a new report suggests that Bullseye traders may be on the verge of becoming Bullseyes.
The Wall Street Journal reported Wednesday that traders in the space are trading on the prospect that the Bulls trade will drive up prices for players in the NBA’s newest and most expensive class of players.
That could lead to more trading volume and higher prices for the Bulls.
“I don’t think there’s any doubt that Bullshoes are now trading on expectations that this is going to happen,” said Paul Choe, the chief executive of Benchmark Advisors.
The Bulls traded Butler to Minnesota for a pair of draft picks and a player to be named later, with Butler expected to sign a three-year deal worth $30 million to stay with the franchise for at least the next four seasons.
The team has been dealing with injuries and financial troubles in recent months, and it’s unclear how the Bulls will fill Butler’s shoes.
Butler has been one of the league’s best players over the past two seasons, averaging 19.5 points, 7.4 rebounds and 4.3 assists per game.
But he has struggled this season with injuries, especially a hip injury, and the team has missed the playoffs.
The Timberwolves, which acquired Butler in a trade with the Boston Celtics, have struggled to build a contender in recent seasons, and there are questions about whether they can build on a talented roster to contend for a playoff spot.
“Bullshoes’ traders are not shy about trading on that,” Choe said.
“They’re trying to sell their bulls on a scenario where Butler is traded, and that’s a pretty big deal.”
The Bulls have been the most valuable NBA team over the last two seasons.
Over that span, the Bulls have finished with the second-most wins in the league (12) and the most wins in a season (32).
The Bulls are No. 1 in the Eastern Conference, tied with the Indiana Pacers for the third-best record in the conference, and No. 8 in the Western Conference.
Butler’s departure may have led to a trade frenzy that is currently in full swing.
While Bullshoer trading speculation is not unheard of, the new Bullseyeb trade is particularly significant, Choe and his colleagues said.
Bullshoe trading is not new in basketball.
Trading on the expectation that a team will acquire a player is a new thing for NBA traders.
But the Bulls’ move to the NBA is different because of the importance of the Bulls to the league.
The league is in its final season of the six-team playoff format, and teams must finish with 50 wins to make the playoffs, meaning the Bulls are a must-win for any team.
The NBA has had to balance the value of a top-three pick over the value to a team of an All-Star.
The current draft class is a deep one, with many players that have played in the top two classes in years past.
While the Bulls don’t have a player with Butler’s talent, they have plenty of other young talent that can help the team make the postseason.
The draft class of 2018 has three players that are expected to go in the first round of the NBA draft.
The other two players, Jakob Poeltl and Aaron Gordon, are expected go in either the second or third round.
The top pick is set to be taken by the Los Angeles Lakers, which will likely trade down from No. 9 to pick up two first-round picks.
That means the Bulls, who will likely have to move up from No, 9 to trade down, would likely be able to take two first rounders in return.