"What the hell do you want? a continued rebuild?
I would like 2-3 years of one plan and an actual build. We did not have a rebuild for most of the late Maloof era. We weren't tanking, just bad as the team: botched several lottery picks, made trades primarily for financial reasons, further limited the moves we made because they had to be revenue neutral or better, and yet tried to remain quasi-competitive for attendance reasons. Other teams that were renting cap space and expiring deals - back when those had value because 1/2 to 1/3 the league didn't have cap space ever summer - were getting picks or assets back. Whereas the Kings were more interested in getting as much cash back as possible.
It is what is is. We're damn lucky to have a team. But we weren't building then. We made very little progress. It affects the base this new group has to work with.
This team has limited assets and are striking out on a playoffs or bust quest in the stacked west. The notion that they would take on Smith before Gay signs and extension seems pretty insane. I think extending Gay and getting Smith is locking up 42 wins with few cap options for 2-3 years going forward but that would be a plan. Gay leaving next summer and the Kings starting over with Smith's contract, no 2015 pick, and no meaningful cap space means PDA is fired soon and we're starting over again in 2016.
I would like one or two years of good drafts and smart contracts before "going for it."