I simulated the NBA playoffs, under a few assumptions.
1) Memphis makes the playoffs
2) There are no tie-breakers and teams are seeded according to conference standings
2) The regularized +/- 2011 numbers are accurate
(5:38p EST) - NEW RESULTS, updated with estimated playoff minutes
EDIT: A bit on the method.
I took all players who aren't out for the season, and converted their minutes into estimated playoff minutes (per DSMok1's suggestion), which I then had to adjust to force each team's game minutes to sum to 240 total minutes.
I then looked at each player's regularized +/- numbers, and gave them a contribution of Projected Minutes% * (Offense+Defense).
I then set the league average to zero, and each team was given their own "RAPM" rating. This was used to simulate the playoffs via a spreadsheet made by DSMok1 which I modified.
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