Y'all had Dennis Smith Jr., Frank Ntilikina, and Elfrid Payton and then proceeded to re-sign Rose. Did they suck? Yes. Did the Knicks still hold out hope for Frank and especially DSJ? Absolutely. Obi was drafted cuz the Knicks thought they were done with Randle. That's why I always laugh when guys keep a bum hoping he "builds his value up." Even if a player does, the team just becomes more hesitant to trade him because they're scared he finally turned the corner.
Given how everything shook out, if Haliburton was the pick, there's no guarantee his fate isn't any different than Obi's (on the flip side, you'd be sick to your stomach watching CP3 throw lobs to Obi in Phoenix)