This is why it's not a good idea to have a coach who's also the GM. Flip believes he can coach the team to the playoffs but I don't think he realizes Love may be gone regardless. He can always trade Love before the deadline if they don't play well but the offers then are going to be worse.
Also, I think he's underestimating the lame duck issue where all season Love will have one foot out the door mentally. If his teammates already suspect he checked out last season, what will this season be like? How is the team going to succeed with Love not providing any leadership and just protecting his stats?