He'd be fine to take a flyer on if we got a pick in the 50s, and would presumably replace Pressey. If he pans out, he's a cost controlled reserve for a few years, but I doubt if even NBA starter is his ceiling. That's useful, and a good thing to have at the league minimum for 3-4 years so you can spend your money elsewhere, but he's not someone to mourn if he winds up elsewhere. Think of him as the PG version of Colten Iverson.
I think the Kane / Iverson analogy is way off. Kane is way more NBA ready than Colt is right now. Kane is a great rebounder for a guard. Kane is the first player in the last 15 years to record 2,000 points, 700 rebounds and 600 assists in his career. I know NCAA stats don't always mean a good NBA player, but he is a unique talent. I can't really say that about Colt. I mean, Colt is tall, and plays hard.
Kane isn't a unique talent. Those are nice stats, but a) he's really old for a college player, and b) a lot of players who could have put up those stats went pro before they finished doing so. The old part is because a 23-25 year old should dominate when going up against 19-21 year olds.
The comparison with Iverson was for three reasons:
1) Iverson was also old for a collegian.
2) Iverson is also someone who would provide value if he were to become a capable NBA backup for 3-4 years of his rookie deal, because even backup centers are expensive.
3) The reason for drafting either is to not have to convince them to come play for you as an undrafted free agent.
I know Kane has more ability than Iverson, but that wasn't my point. But point guards most always have more skill than centers. If Iverson had Kane's skill, he'd have been drafted in the late first like Mason Plumlee. It pays to be big. Just ask Ryan Hollins.