It looks like they are tanking for the pick. Personally that's dishonorable, considering that we didn't need to make rebuilding moves to better the franchise in the next few years. Keeping the pick is a risky move that would upset the franchise and jeopardize an otherwise low-risk/high-reward 10+ years with Malone.
There were two ways Vivek could have gone
1) low-risk/high-reward with Malone. He was hard working and would surely improve, as a basketball lifer. He already had the intangibles in place:
But my eye test might be wrong.
2) or high-risk/very slightly higher-reward, where we keep the pick for a (good?) player and hopefully get Malone back or a good coach. Even in the unlikely scenario that this plan works out, I will not -- I repeat not -- praise the front office. Why choose this option? The small reward isn't worth the risk. Even if it works this way in the Silicon Valley, or even in U.S. culture, stability and tradition is still very, very important. Vivek probably watched this video too much:
This high-risk behavior makes me doubt that the front office will be a good front office.
But I might be wrong about the FO's attitude towards the pick(s?). In that case, disregard all of the above.