Analyzing NBA draft slot value

Players like LeBron James make the No. 1 pick the most valuable, but how have other slots fared? Jennifer Pottheiser/Getty Images

The success or failure of a team often is dependent on how well it does in the draft. High draft picks are expected to produce high value, and a miss at the top of the draft can have a crippling effect on a team's future. So how do we measure the value of a draft pick?