Oh, and that rule where you can't trade 1st rd picks in consecutive years is ridiculous. Teams, for better or worse, should be allowed to do what they want with their assets and it would allow a lot less restrictions involving trades.
In many ways the CBA is set up to protect owners from themselves. The Septien rule, the rule you speak of, was established because an owner traded away all his picks and decimated his franchise for a decade. He alienated the fans of that town and just about caused that franchise to think about having to move due to lack of fan support.
I'm familiar with the rule and the principal behind it. Stepien traded 1st rd picks in 5 consecutive years because he wanted to "win now", but how does that really differ from what Billy King did? The Nets swapped 1st rd picks in 2014, 15, and 17 and traded away 1st rd picks in 2014, 16, and 18. So in essence they either they either traded away a pick or devalued the only picks they have (2015 & 2017) for the next five years and now can't trade a 1st rd pick until 2020.
Its different because they still own picks in 2015 and 2017 and 2019 and because the draft is such an unknown entity that it is possible through excellent scouting to be able to get a star just about anywhere in the first round.
2012 #21 Jared Sullinger
2011 #22 Kenneth Faried
2010 #18 Eric Bledsoe
2009 #18 Ty Lawson
2008 #24 Serge Ibaka
2007 #27 Arron Afflalo
So even though the may have devalued the pick in the sense that they are not choosing higher in the draft, in essence, their chance to land a significant part of a team through the draft was not diminished since very good to star players can still be chosen late in the draft.
Keeping those picks guarantees if used that the team has some chance at an influx of young talent that could assist the team in moving forward without giving up another asset to do so. 5 straight years without a pick guarantees you don't have the chance to infuse your team with new talent unless you give up another asset to get that player.