I agree with the OP. I think this team as constituted does not have a legit shot to win the championship. Feels much like the 88 squad.
The thing is, Danny has just 3 weeks to make a decision about whether to trade Ray for younger talent or not. If he chooses not to, and all we have is our MLE this summer to work with, then the decline will just steepen next year.
I see this as going one of two ways; he trades our older guys expirings in the year they expire, starting with Ray this year, then PP next year, then KG in his final year. We reload on the fly, doubtful we'll be championship timber, but we won't fall off the map and become the Nets either. If we got good enough return on trading Ray, you'd have to say that our chances for a championship this year will not diminish at all (they already seem remote to me).
The alternative strategy is allow the decline to truly become pathetic with the thinking that to really get the great young talent, you have to be at the top of the lottery, and you only get there by being pathetic. I doubt Danny wants to go that route.
I hope we trade the Old 3 in their expiring years.
I'm in the camp that thinks that Danny did a fine job of drafting in the positions that we drafted. I have faith he can rebuild a championship contender too. It'll probably take a good 5 years though. At least he'll have big expirings in the next 3 years to jump start the process.
Fwiw, I thought we had a two or three year window given their age and mileage when we traded for these guys. Like others, I think it was worth it, short lived though it was (we knew that when it happened). There were really only a deluded few who thought we could extend this window 5 or 6 years. You're only really a contender with all-star to all-nba caliber players still playing at the top of their games. We caught the tail end of that caliber of play. It appears over to me. I hope Danny sees it as I do and trades Ray to jumpstart the process.