I think there's just so much PTSD in the fanbase from the 2018 draft that many are fearful of a repeat failure and so are ascribing all kinds of ill-considered hype to a player who simply does not have the same kind of profile that Luka Doncic had when he came into the league. Will Ivey be good? Probably. Will he be a franchise-altering talent? I would hardly call that a safe bet, and it's why I'm in agreement that there aren't really any players in realistic range of the Kings' pick who represent franchise-defining gaffes should the Kings pass on them based on what we know about them today.
Hindsight is 20/20, of course. If Ivey eventually becomes a top-10 player in the NBA, then yeah, it obviously will have been a mistake to pass on him if the Kings elect not to draft him or decide to trade the rights to draft him to another team. But there is nothing in Ivey's profile to suggest he is going to achieve that level of success. He's not a "can't miss" prospect. There are enough flaws and holes in his game to be concerned about his ceiling. The Bagley selection alone should make Kings fans wary of falling in love with athleticism and "upside."
There is much to recommend about Jaden Ivey, of course. He's a very talented prospect. But in my estimation, the talk of other teams coveting Ivey has a bit less to do with Ivey's potential and more to do with the perceived availability of the 4th pick, since it's pretty rare for a top-5 selection to be gettable via trade on draft day. I'm assuming Monte has made it clear that he will only part with his first rounder for a Kings' ransom as a way of disabusing teams of the notion that the 4th is truly "up for grabs."
Monte may very well decide that Jaden Ivey is BPA, draft him, and go home with an asset that either Mike Brown believes can be successfully integrated into the team's long-term plans or that Monte believes he can flip for value later, a la the Haliburton trade. This is not my preference, as I've been on the Keegan Murray bandwagon for awhile now. But I accept it as the likeliest outcome, unless a team out there really does intend to meet Monte's demands in a trade for the 4th pick.