I agree for the most part but I wanted to add that maybe this could be the fan perspective on the selling picks for cash (which we are making quite the habit of - I believe this is the 4th year in a row. Chandler, Miller, Furphy, #38)…
While cash considerations feel empty for us fans, if it’s what the Spurs need in order to continue to invest into the team and the fan experience, then by all means… continue to do it. While that cash doesn’t do anything for the cap, maybe it’s a factor in whether or not the team hits its profitability and cash flow goals. As a small market team, that might be the case. We’ve also eaten some dead money in the last few years (ironically in exchange for more SRPs in some cases), so selling the SRPs may be what allows us to do that.
This could be one of those behind the scenes business-of-basketball things that seem empty to fans, but is actually pretty important to keeping the team viable and delivering a good overall fan experience. I make jokes, but I don’t think Holt Jr. does this to buy hookers and blow. I think it’s just one of many lines on the team’s statement of cash flows, which they have to carefully manage as a small market team.