Does improving to an average or above average team with the acquisition of Gay (I'll leave it at just Gay for the sake of argument - needless to say though, his acquisition certainly doesn't preclude more moves) mean we are doomed to mediocrity? I certainly don't think so. First, each of our core players has room to improve over the next few years, second, our draft picks aren't going anywhere, so if we are in fact middle of the pack and not superb next year, we still get a reasonable asset - some of you are making it out to sound like we're creating a self-imposed life long ban on drafting by trading ONE draft pick. Third, while we won't have tons of money to sign people next year (not that we'd have tons if we stayed the course either, things get interesting for everyone next year cap-wise) we'll have enough (e.g. MLE), but more importantly, we'll have a team worth coming to. No one wants to sign with a team gunning for their 7th consecutive lottery pick.
Ultimately, right now we have a chance to leverage a temporary asset for something real and significant, partly due to our circumstances and partly due to Memphis'. If we let this pass, I think we'll find ourselves in a much worse position, not just in the short term, but the long term as well.
To those of you wanting to "stay the course": what is the course? Not just in method, but in result. What do you realistically see for this team's future if it doesn't make a move this summer? Personally, I see something like the Kings or Wolves, with a little more discipline and a little less talent, and it doesn't look pretty.