It is amazing how much damage they have done to their team in a short space of time.
Note: I agree with PhoSita that their starting lineup is still decent but that bench is one of the worst in the league. That is going to be a major drag on that group. So say you rate that starting lineup 18-20th in the league and then the bench one of the worst in the league ... dropping Brooklyn back say 5 or so places in the standings (W-L record) from 18th-20th to 23rd-25th in the league.
You're right that they have taken a pronounced step back.
Part of that, from what I understand, was luxury tax related. I wonder if there are more moves to come, though.
Since they have no reason to intentionally get worse this season, it stands to reason there may still be moves coming that provide some more depth behind their decent starting lineup.
Otherwise, they look like a team with two heads, one that thinks they own their own pick and need to tank this season, and another that wanted to re-sign Thad Young and Brook Lopez to big contracts because it thinks they can be a playoff team this year.
This is another really interesting point. I do think that certain people in management, probably mainly King, are highly motivated to avoid giving the Celtics a top 5 pick for one season of KG and Pierce (to say nothing of the other picks). If get a top 3-5 pick is really puts a lot of egg on their faces and pumps that trade into the stratosphere of Tractor Traylor for Dirk and other fabled fails.
However, the second head that is referenced here, is that their owner wants to sell the team. While he can probably make a killing either way, it seems like the traditional moves before sale for franchises are to strip down their long term liability in contracts. Also having young talented players under team control makes a team much more appealing. Purely from ownerships perspective for selling the team, it would be ideal if the Nets could get a half decent prospect for Joe Johnson and give RHJ, new asset, Larkin, Markel Brown and anyone else under 25 tons of minutes in hopes of discovering a new star.
Ego aside, at the end of the day it really doesn't impact the Nets as a team if they give us the 15th pick or the 4th pick because it is a sunk cost. Ultimately, that is why I would expect them to make more moves for the second reason as the season progresses and why we have seen them jettison somewhat established NBA players in anderson, teletovic, blake and plumlee.