The Continuity Dividend: What Bringing a Roster Back Is Worth
Every ten points of last season's minutes an NBA team brings back is worth 0.48 points of margin, about 1.2 wins, on top of its margin. Age is a separate lever.
+0.48
points of next season's margin for every ten points of last season's minutes that come back. 630 team-seasons, standard error 0.10.
It is not youth in disguise, it does not come from players lost to season-long injuries, and it shows up in both halves of the file. It is also a nudge rather than a verdict. Last season's margin explains 35.3% of the spread in the next season's, and the returning share lifts that to 37.5%.