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Obviously the new deal makes rookie contracts more valuable. In long Celtics are in good position, though they likely have to trade some of those picks and current rookie contracts to get necessary star power to have any chance of contention in next 4 years.

Less obvious, I think the value of guys 34 plus with good RPM should jump. If the market doesn't do that, those who partake at modest cost have good chance to be cost effective winners.

Are there any recent signers with contracts thru 2017-8 who could be had before market valuation properly adjusts? I see no chance someone could pry / hoodwink say Denver out of Lawson, but what about Steven Adams (and accelerate McGary and play more Ibaka at center if you don't get back a vet center)? Trade a desirable contract for someone really ready to help win a title now. Isaiah Thomas and Channing Frye deals look even greater. Doubt they'd get traded but one could try to wow, trade on different contender time horizons.

Anybody want to trade for Pero Antic and extend him now? Any GM regret not taking Ayon? Would it really be that much of a risk to sign Blatche to a mutli-yr especially if it had team options? What is Robin Lopez worth? How much should you be willing to give up for Mason Plumlee?

Are low first round picks now especially desirable, perhaps a bit moreso relative to say picks 4-10?

Won't the incentives to come out early be even greater (not only to get to richer 2nd contract sooner but because first contracts will be up a lot too)?

Will internationals enter draft sooner and in bigger numbers? Should NBA try to add third round (maybe require they go direct to d-league for awhile with escalation rules)? Will some of Europe's stars who previously declined NBA reconsider? Could the flight seriously harm euro basketball? Should the d league become a b league in Europe?

In regards to the draft, I don't think too much will change on that front. As you say, rookie contracts will become relatively more valuable (unless the rookie scale is a percentage of player/league revenue? I don't know). But rookies will still have to get on the court to have any value. Last year, half of the 2nd round picks never saw the court and only four got over 300 minutes. From the 2012 draft, seven haven't made the floor and another eight are sub-10 minutes per game guys. Similar numbers for 2011, and the 2010 draft is similar to last year's. If you can't fill the draft with two rounds of NBA-level talent, I don't know how you could expand to three.

3rd round suggested to stock best of d-league or true full b league.

That could be an idea, although the current D-league seems to be stocked without drafting into it. The league would also have to put the resources into creating a full minor league. Right now there are only 18 D-League teams, and they vary in their relationships to NBA teams; only 7 are fully owned and run by an NBA team, and one team (the Mad Ants) is completely unaffiliated. The NBA would need to nearly double the size of the current D-League, which would mean convincing 13 owners who so far apparently don't see the need to have a minor league team to pay for one, so that everyone could draft in the third round they want to create. Or, they could create a new minor league from scratch, in which case they'd have to decide what to do with the D-League.

I am definitely not wedded to d league or third round (and maybe more) for that. Really the concept of a true b league is more important. If the nba wanted to take over more (from ncaa and fiba) a true b league would be something to consider...if they could get tv and fans to pay for it (with decent pro ball salaries). New tv deal takes small steps in that direction with summer league and d league broadcast exposure increase. With a true b league maybe teams could carry as few as 11-12 at times and assign the young guys more. Or make summer league the b league. The whole call up thing seems oversold as reason for simultaneous seasons. Simultaneous seasons as is ensures no viewers, no revenues and little owner interest. Simultaneous season wont sell unless more of the young talent is there longer, more from what is now spread between nba, college and europe. But it is more likely things stay basically the samethan radical change.