So, I asked this elsewhere but never got an answer:
I'm curious as to how trades regarding draft position work--specifically when they are announced. Say, for instance, hypothetically in dreamland, the Celtics trade 16,28,33 and 45 for the Knicks 4th pick. When would I, as a viewer, be made aware of said transaction? Would I only find out after the Knicks picked someone at 4? Or would I have to wait until the Celtics made their selection at 16? I wouldn't have to wait all the way to 45 to find out about the trade, will I?
Frankly, I just want to know when I can expect the news that we've traded ___X___ for ___higher pick___. If we get all the way through the first round and there's no news of a trade, does that mean a trade (up) isn't happening?
Draft Experts! Assist me!
It depends on the conditions of the trade. If the Celtics want the player who the Knicks would have taken anyways without a trade, the trade may be contingent upon a certain player being available at #16, so the trigger wouldn't be pulled until after #15.
Since the Knicks don't have a 2016 first-round pick, they can't make a deal until after they make a selection.
Once there is a trade agreed upon, it still has to go through appropriate procedures before it becomes official. The waiting time might be affected by how many other deals are in the queue and awaiting approval.
The news will be broken before beginning the process of making the trade official. If you pay attention to relevant online sources, you'll know within a pick or two of the trade being agreed upon. If you just watch TV, it will take longer because I think they might not acknowledge it until it is official.