The dust has settled. NBA fans around the world woke up this morning either elated, disgusted or indifferent about what their favorite team did last night. How should you feel? We tell you right here …

Atlanta Hawks (A) – They needed a point guard, and they got one in Acie Law. Don’t be surprised if a few years down the line, Law ends up being the best PG in this draft, despite all the hype surrounding Mike Conley. They needed some interior scoring, and they got Al Horford. For a team that’s famous for screwing up drafts, this was a blockbuster night.

Boston Celtics (A-) – We said before the draft that it would be impossible for the Celtics to receive anything higher than a B- so long as they kept a pick in this draft. We truly believed that for them to be successful last night, the C’s needed to come away with JO, KG, or Ray Allen, while somehow still holding on to Al Jefferson. Well, not only is Ray Allen a Celtic but also Danny Ainge didn’t have to give up Al Jefferson or Gerald Green to make it happen. Add in Gabe Pruitt and Glen Davis, both of whom should make the team and should get minutes immediately, the Celtics definitely had a great night. So why the A- instead of the A? This is 100% a move for right now, and with the not-getting-any-younger Allen coming off double-ankle surgery, this move may not look as good in two or three years. Still, Boston should be fired up for next season.

Charlotte Bobcats (C) – We’re perplexed. By the time the first round ended, the Bobcats were sitting there with Brandan Wright and Jared Dudley. If Mike put down the phones and went home right then, A+. Instead, he dealt Wright to Golden State for Jason Richardson and his anchor-like monster contract, meaning that the ‘Cats will have to eat millions and millions of dollars and have relatively no financial wiggle room. Don’t get us wrong, J-Rich is a talent, and they’ll probably need to replace Gerald Wallace, but have you ever once watched J-Rich play and said to yourself, “I wish Jason Richardson was on my team”? The answer is probably no, especially at that price.

Chicago Bulls (C+) – It isn’t that we don’t think Joakim Noah is going to help the Chicago Bulls. We like Noah’s game and we’re sure that he’ll contribute immediately off the bench. But the Bulls are ready to win right now and already have pieces in place up front in Tyrus Thomas and Ben Wallace. The Bulls needed two things going into last night: a straight scorer and more importantly a back-to-the-basket offensive threat. With Noah still on the board when they came up, it just seems that the Bulls could have found a way to spin that pick for a needed part. We don’t hate the second round picks of Aaron Gray and JamesOn Curry. We fully expect the Gray to make the Bulls.

Cleveland Cavaliers (D) – The Cavs had no picks in this draft. That being said, the Eastern Conference Champions need to improve their roster cheaply and the draft is a way to do that. A lot of other teams in the East got better last night.

Dallas Mavericks (B) – With no picks in the first round, the Mavericks took the best player available in the second round when their turn came up. You know what? Nick Fazekas is NBA-ready. He has a legit NBA skill (he can shoot), and could be a nice bench player for a contender like Dallas. For their other two picks, the Mavericks did what they always do and drafted two foreign players, Renaldas Seibutis and Milovan Rakovic. They don’t have to pay them right now and can let them develop (or not develop) overseas.

Denver Nuggets (B-) – The Nuggets had no picks in this year’s draft, and we’re glad they didn’t do anything rash to break up their core just for the sake of getting in on the action. We would have liked to see them try to do something to get themselves a point guard though, even if it was second-round gamble. With Steve Blake’s free agency looming, they need a backup plan.

Detroit Pistons (C+) – Hard to call. While the Pistons got three quality ballplayers in Rodney Stuckey, Arron Afflalo and Sammy Mejia, they basically ended up with three guys who play the same position as Rip Hamilton and Flip Murray. So where do they find minutes for their newly-acquired rookies? Stuckey can play some PG, as can Mejia, which is big considering Chauncey Billups and Lindsey Hunter might not be back. But you have to think Detroit could have gone in another direction with at least one of their picks.

Golden State Warriors (A+) – After a rough start to his tenure running the show in Oakland, Chris Mullin is now apparently a full-fledged front office genius. Last night Mully was able to rid himself of Jason Richardson’s contract in exchange for Brand Wright! He was able to add another big shooting guard in Italy’s Marco Belinelli - one of the top European prospects for the last several years. AND he was able to snag UMass shot-blocker Stephane Lasme. Mullin killed it.

Houston Rockets (D) – Why does a team that already has Rafer Alston, Mike James and John Lucas III need a point guard in the first round? Why does a team that already has T-Mac, Luther Head, Kirk Snyder and Bonzi Wells need a two-guard with their next pick? And why does a team that needs to get a tough big guy to play next to Yao Ming only come away from the draft with an undersized power forward in Carl Landry?

Indiana Pacers (C+) – Seemed like the Pacers have doing a whole lot of talk. So who did they come away with last night? Big trade with Miami! Bring on STANKO BARAC! Now don’t get too excited Indiana, you probably won’t see second round pick Barac in a Pacers’ uni for a little while. That being said, our international hoop head told us the 7-1 center from Bosnia can play a little bit and actually has a nice jump shot.

Los Angeles Clippers (B+) – We like what the Clips did last night. They were chilling at No. 14 at the end of the Lottery. They let the chips fall and took Al Thornton, the best player available at the time. Then in the second round, they addressed their PG needs with former WMN and Marist PG Jared Jordan. Some critics have dismissed Jordan because he’s not from a big-time program and he’s not an overpowering physical presence, but the dude can play and could be a nice surprise.

Los Angeles Lakers (D) – Oh boy. It’s not really about what the Lakers did last night, it’s what they didn’t do. They need a point guard, so they grabbed a young project PG in Javaris Crittendon. Then they grabbed a project SG in Sun Yue in the second round. Then they grabbed a project big man in Marc Gasol near the end of the draft. What does all of this mean? Since they weren’t able to pull off a major deal to keep Kobe happy, they’re now in full rebuilding mode and will probably be for a long time to come. This almost certainly signals Bryant’s imminent departure. Usually we’re fine with rebuilding and jettisoning your star, but when your star happens to be the best basketball player in the world, we think you have to try to make it work.

Miami Heat (C) – The Heat needed to get younger and add some scoring punch. Daequan Cook provides both of those things, but he was also maybe the most questionable first-rounder in this year’s class. After a strong start in his only season at Ohio State, he fell off by the end of the year, to the point where he was barely noticeable in the NCAA Tourney. He’ll need a lot of coaching to develop into a useful commodity in Miami.

Milwaukee Bucks (C) – We’ve heard nothing but very good things about Yi Jianlian’s talent and abilities, and we’ve heard them from extremely credible people. We’re not worried about whether Yi wants to play for the Bucks. He’ll be in uniform come summer league. We just don’t love the fit. The Bucks are ready to compete for the playoffs now and have holes that needed to be filled that would have helped them immediately. Yi isn’t defensively ready to step onto an NBA court and play 30 minutes a game, and probably won’t be ready this season. We would have liked to have seen Milwaukee go with Corey Brewer, a guy who can play big minutes right now, contribute offensively and defensively and fill a role that we’re not sure Bobby Simmons ever will.

Minnesota Timberwolves (B+) – Whether they keep KG or not, Corey Brewer is a great compliment and has potential to be a lock-down defender. Second-rounder Chris Richard was “the other guy” at Florida during the Noah/Horford/Brewer era, a decent big who hasn’t yet had the opportunity to shine. He’ll get an education banging with KG (maybe) and Craig Smith in practice.

Memphis Grizzlies (A) – Mike Conley was the right player for the Grizzlies, and they got their guy.

New Jersey Nets (B+) – We love Rod Thorn. He doesn’t care about mock drafts and he doesn’t care what the general consensus is on where certain players should be taken. He liked BC’s Sean Williams enough that he grabbed him at No. 17, a full 10-12 spots higher than most mocks had him going. The Nets need a dynamic interior player and Williams fits the bill. He’s not an offensive player, but he will block a ton of shots and will most likely see significant time on the floor with Nenad Krstic, allowing Nenad to slide to the power forward spot.

New Orleans Hornets (B) – The Hornets, like the Clippers, did a good job of just letting the pick come to them. Sitting at No. 13, they watched the draft shake out and then snagged Julian Wright, the player they felt was the best available at the time. Wright will bring an athletic presence to the Hornets, will play tough D and flaunts serious passing skills for a 6-8 player. His J is far from being NBA-ready, but he will turn out to be a solid pro and a nice sidekick for CP3.

New York Knicks (B) – The big news of the day, which didn’t involve one draft pick, was the trade for Zach Randolph. And while MSG seemed fired up with the move, there is going to be more weight and less shot-blocking in the Garden lane than ever before. With that in mind, Isiah took some serious athleticism in the first round with Wilson Chandler. Chandler can fly and is a shot blocker. He’s also an undersized power forward in the NBA. He’ll be a good spark off the bench though, which seems to be Thomas’ draft specialty.

Orlando Magic (B-) – Orlando had no 1st round picks, but two in the second. At No. 44 they grabbed UNC’s Reyshawn Terry - a great pick at this spot. On a normal college team, Reyshawn would have been a star. On the loaded Tar Heels squad though, great glue guys like Reyshawn can get lost. He’s a solid rebounder and good defender, but not a great shooter. He has an NBA body, but isn’t quite as rugged or physical as you’d like him to be in the paint. Above all though, he’s a winner and knows what it’s like to win a championship. If he sticks, he’ll be a great guy to have on the roster.

Their last pick was more of a gamble with 6-6 Australian shooting guard Brad Newley. Newley is a dead-eye shooter and star in his home country, but we’re not sure if that will mean NBA success. Think of him as a taller JJ Redick.

Philadelphia 76ers (B-) – It’s hard to figure out what the Sixers really did for themselves last night. They either set themselves up for the future with young building blocks, or they basically traded Allen Iverson for Andre Miller and a few guys who could disappear before you can ask, “Whatever happened to Thaddeus Young?” Billy King totally ignored what was thought to be the safe picks at both 12 (Al Thornton or Julian Wright) and 30 (plenty of guys left on the board with winning pedigrees such as Taurean Green and Josh McRoberts). After Young had worked out for Philly, King told reporters that he thought the Tech forward was the most pleasant surprise of anyone he had seen - obviously, whatever Thaddeus did or said in his time with the Sixers stuck.

King seemed to like Jason Smith more than most other teams in the draft, and was supposedly toying with taking him with their lottery pick.

And with Vandy’s Derrick Byars, the Sixers tried to address a glaring need in the shooting department. Other than Kyle Korver, they don’t have anyone who you could label as a true outside threat.

All in all, Philly appears to be building for the future, as opposed to trying to win right now. It’s a philosophy that seems to makes sense, but can Billy King and Sixers fans afford to wait?

Phoenix Suns (B+) – Contenders go into the draft looking for one of two things: spare parts that can fill roles off the bench immediately or young talent that the team can develop in practice. The Suns took two players in Alando Tucker and D.J. Strawberry that are smart, experienced, and skilled players who are ready to contribute right away. We love Tucker, who reminds us of the Mavs’ Josh Howard pick a couple years ago. One thing is for sure, Tucker and Strawberry are going to be shooting about 1000 jumpers a day, starting right now.

Portland Trail Blazers (A+) – For the second year in a row, the Blazers were hard to keep track of with all their trades on draft night. They basically redefined the organization in one evening on Thursday, landing the franchise player in Greg Oden, then trading Zach Randolph for Channing Frye (who still has a lot of promise) and Steve Francis (who will probably be bought out). The Blazers also got two steals in the second round with Josh McRoberts and Taurean Green, a solid PG in first-rounder Rudy Fernandez, and another highly-praised guard in first-rounder Petteri Koponen.

Sacramento Kings (C) – They needed help up front, and while Spencer Hawes is talented, he’s just as unathletic as the rest of the Kings’ bigs. Plus, where does he play? A player like Joakim Noah, for example, had he fallen to Sacramento at No. 10, could have started at PF with Brad Miller at center. Hawes is strictly a center. So unless you’re moving Miller or benching him, the kid won’t be an instant-impact kind of guy for a team that needs instant impact.

San Antonio Spurs (D) – The champs never have to worry too much about the Draft, but the Spurs dropped the ball in taking NBA Draft International Man of Mystery Tiago Splitter when they could have had a proven commodity like Alando Tucker or even Josh McRoberts. Second-rounder Marcus Williams is a smooth scorer, but is his D up to par? He seems destined for an extended run in the D-League.

Seattle Supersonics (A) – Two of the Top-5 players in the draft (Kevin Durant and Jeff Green), plus a solid PG/scorer in Delonte West and a legit bucket-dropper in Wally Szczerbiak. Problem: the Sonics gave up their best player, Ray Allen. Still, in the name of rebuilding, sometimes you have to make tough choices. Durant and Green could develop into the kind of forward combo that makes Ray expendable at this point in his career.

Toronto Raptors (B) – A quiet night for one of the best front offices in the NBA. Toronto had zero picks in the draft, but didn’t do anything to shake things up.

Utah Jazz (B+) – With their only first-round pick, they made a play to help themselves immediately, their second was a move for the future. At No. 25, they took Rice’s Morris Almond - a 6-6 scoring machine who can shoot the hell out of the ball. Tremendous pick, given what else was available at the time. If you watched the Jazz try to hang with the Spurs in the playoffs, you know that one of their glaring needs is scoring, specifically from the outside. Almond should see tick immediately, especially as Utah perimeter players like Matt Harpring continue to slow down and for times when Gordan Giricek is heaving bricks at the rim.

Near the end of the second round, they took rugged, throwback-style Providence forward Herbert Hill. Then late last night, they sent Hill to Philly for 7-0 Ukranian center Fyrylo Fesenko, who they will surely stash in Europe until he is ready to help.

Washington Wizards (B+) – The Wizards needed another scorer in the backcourt and Nick Young is that guy. With Arenas, Jamison, Caron, and Young, the Wizards have one of the better offensive arsenals in the East. Don’t sleep on the Wizard’s second round pick either. Dominic McGuire gets off the ground, runs the floor, and is an NBA shot blocker.