There are two extremes in play here. One is to tank. The other is to go "all in" and bring in some overpaid veteran who in theory will put us over the top. Neither is a smart business or sports decision.
The difference between picking say 20th vs say 15th is not worth tanking for. To me, any discussion of this is just nonsense. If we do make a mistake, it will probably be in the other direction, reach in a trade or something to bring in a player that doesn't work out and then hampers the team from other moves down the road.
Wyc said out loud what he wants to do. Stay the course, keep the keepers, don't do anything rash. This does not mean don't do anything, there may be a good trade opportunity and if there is, I believe they will take it, even if it is a big trade (involving Kemba or whatever). I don't think this is likely though, the environment just doesn't seem to support it right now but I am sure Danny has his feelers out in all directions.
There is another way to look at the two extremes, one is that we are not good enough to win a title right now. That is true but will prove to be true for 29 of the 30 teams in the league. The other is are we as bad as we have looked the last several games. I don't think that extreme applies either.