You'll rarely hear an NBA owner, front office executive or coach admit to tanking. Nets owner Joe Tsai came close during a recent appearance at the All-In Summit in Los Angeles.

“Well, I have to say that we’re in a rebuilding year,” Tsai said. “We spent all of our [2025] picks — we had five first-round draft picks this past summer… We have one pick in 2026, and we hope to get a good pick. So you can predict what kind of strategy we will use for this season. But we have a very young team.”

With tanking a taboo subject for NBA teams, Tsai's comments caught the attention of fans and media. On Sunday, Nets head coach Jordi Fernandez was asked about his owner's take on Brooklyn's strategy this season.

“He says he wants a good draft pick because no matter where we pick, our front office is

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