He's had 2 FRP, one was a huge hit for his draft position and the other looks promising but is TBD. That's massively better than our last couple GMs. I don't see how holding him over the fire is going to make him do his job any better.
All it's going to do is put the Kings back in the same position they always land themselves in. GM doesn't get to hire a coach and then fires the coach after a year. GM hires his own coach, then the GM gets fired and the next GM comes in and is already to fire the previous coach because it wasn't his hire. The cycle just keeps on going.
It really is as simple as this. Good organizations that manage to achieve sustained success are built on stability and a shared sense of respect. There is typically some level of synergy between the owner, the front office, and the coaching staff. There may be disagreement from time to time between these power centers, but there is enough trust to keep everyone pulling in the same direction. A general manager is allowed to hire his head coach. A head coach is allowed to hire his own staff. And either the GM is flexible enough to supply that head coach with players that suit his style/preferred system, or the head coach is flexible enough to maximize the roster that the GM has given him regardless of style/preferred system. And for the benefit of all involved, the owner listens to his GM and his head coach, gives them time to make things work, signs the checks, sits courtside from time to time, and stays out of the way.
But if the owner is fickle and aloof, has an oversized ego, values "disruption" over stability, consistently listens to outside voices, and thinks the experience that earned him his fortune will qualify him to make sound basketball decisions, it almost doesn't matter who the GM or the head coach are. They won't be trusted by such an owner long enough to make a meaningful difference. The owner has to conceive of his GM and his head coach as partners with their own vision, rather than as tools to achieve the owner's vision.
To this point, Vivek hasn't seemed to understand this. He gets squirrely and impatient. He hires "advisors" that exist outside of a proper organizational hierarchy who then undermine the experienced hands that make up that hierarchy. He is easily seduced by name recognition and ultimately listens to the wrong people. This has caused him to make the same mistakes repeatedly, hiring GM's who don't have full control of personnel decisions, who then hire head coaches who don't know if the GM's who hired them will be around long enough to preach patience to Vivek, who cycles through GM's and head coaches like he's changing his underwear.
Extending Monte McNair should be a no-brainer, at this point. You don't cynically hold the fire under his feet. That's no way to run an NBA franchise. Monte already knows that his job is on the line. He has his marching orders, and he's made moves that reflect a commitment to achieving an eventual post-season berth. He's shown competence far beyond any post-Petrie front office the Kings have employed. He's shown guts, too. You give him the job security of at least an additional year beyond the next to see how a McNair/Brown/Sabonis/Fox partnership works out.