What are fantasy basketball auction values? Closer look at how players are valued for the 2023-24 NBA Season

The 2023-24 NBA season is almost here as the league's preseason games are already underway. As the preseason offers fans a look at how certain players and teams might look in the coming season, fantasy basketball is a great way to take advantage

With that said, what are fantasy basketball auction values? According to RotoWire, these are used when a fantasy basketball league utilizes player auction as opposed to the standard fantasy draft.

Before the start of the regular season, the player auction will be used once a budget has been set. After a set budget, team owners will start bidding on the players they want for their rosters.

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Taking a closer look at how NBA players are valued for the 2023-24 regular season

According to RotoWire, with the amount of the budget depending on what is set by team owners, certain players will either be overvalued or undervalued. However, RotoWire uses a specific algorithm to determine what a player's auction value is based on the NBA's format and settings.

For example, if the budget is set to $180, here is a look at how certain players will look. Nikola Jokic is ranked first with an auction value of $79. Meanwhile, Jayson Tatum is second with a $71 auction value, and Stephen Curry at third with a $61 auction value.

If the budget was set to $280, the value would yet again change for the mentioned players. Nuggets star Nikola Jokic still remains first but his value is changed to $123. Celtics star Jayson Tatum's player auction value will be set to $111, while Warriors star Stephen Curry will be at $95.

However, if the budget is set to just $80, the value changes once again. Jokic remains first ($35), Jayson Tatum is second ($32), and Stephen Curry is third ($27).

The algorithm bases each player's auction value on how the player has fared in the previous season and how one will be entering the upcoming season.

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Statistical production of NBA stars Nikola Jokic, Jayson Tatum, and Stephen Curry from the 2022-23 season

During the 2022-23 regular season, Nikola Jokic averaged 24.5 points (63.2% shooting, including 38.3% from 3-point range), 11.8 rebounds, and 9.8 assists per game.

Meanwhile, Jayson Tatum put up 30.1 points (46.6% shooting, including 35.0% from 3-point range), 8.8 rebounds, and 4.6 assists per game.

Stephen Curry averaged 29.4 points (49.3% shooting, including 42.7% from 3-point range), 6.1 rebounds, and 6.3 assists per game.