i'vew gone througha rebuilding phase before in div III, now im in div 1.(in NZ) which is not saying alot
this is what i do...
Keep a roster of 12 people incase of injury
buy 1 awesome potential trainee and a semi awesome trainee and train them 1 position. (decent stamina and FT)
you dont want to spend weeks to increase their STAMINA and FT.
buy very old veteran with decent skill(those are cheaper) to surround him/babysit him for a few season, especially veteran point guard / center
use extra money to build your arena
buy level 4 PR manager for Income, TIE all the imposible game, CT your rival and TV contract game, you want to win those.
after a season
sell your semi awesome trainee (lower potential) and buy a new better trainee with his revenue.
buy a semi decent younger big man with good rebounding + defense
or Semi decent younger PG depend what your trainee is
keep building arena and make sure you have some savings.
3rd season, your trainee should make U-21 if you're lucky = more $$$
sell your semi decent and start upgrading them to bigger salary player. 1 position at a time.
once before allstar break(so you can train his stamina) and once before playoff to surprise your Opp.
4th season, is time to compete :) you should have 1 good 21 yrs old and 1 good 20 yrs old.
and 2 semi decent big / small.