I don't agree with either point. The first is really a matter of opinion. The Kings have their star player in Cousins. Hard to have a really bleak future when you have a cornerstone to build around. Whether or not the front office knows what they are doing is a very legitimate question, but there's no reason that with the right moves the Kings can't begin an upward trajectory.
Secondly, as Padrino pointed out the Kings have the 4th worst record in the league behind the Bucks, Magic and Jazz. And it's not all that unlikely that by Friday they have the 2nd worst just behind Milwaukee. I would expect all three to lose their next game (Kings vs Portland & Utah vs OKC tonight, Orlando vs Portland tomorrow) but if the Jazz beat Cleveland on Friday and the Kings lose to the Magic at home they are suddenly only behind the Bucks in terms of winning (losing?) percentage.
Again, I root for the Kings to win every single game but if there was ever a year to be bad, this looks to be it. Despite PDA's attempts to really shake the roster up, the team is as bad as ever, record wise.
That's actually my biggest concern. I'd be surprised if the Kings DIDN'T draft in the top 5 this year but I'm worried about D'Allessandro's eye for talent and ability to assemble a roster. Hey, if he was Ujiri or Hinkie who are absolutely trying to blow up their rosters with an eye towards the future I'd feel good. But he's clearly trying to retool the team to improve things and these moves are not working. Was Landry a good signing? Obviously he hasn't played yet but my guess is no based on fit though I guess time will tell. Was McLemore a good draft pick? It doesn't look that way right now. Was Rudy Gay a good acquisition? The Kings were 7-13 before the deal and have gone 4-8 since. On the other hand the Raptors were 7-12 before the deal and have gone 9-4 since with improved offensive AND defensive ratings. Combine that fact with Phoenix and Philadelphia playing better than expected and it means the GM who is trying to win now is out tanking the guys who are purposely tanking.
The Kings chances of getting a top five pick are actually high. And the future could be very rosy with the draft choice, trades, signings etc.
If we want to be pessimistic the correct target should be doubts about PDA's ability to assemble a winner.