I haven't posted here in well over a year but I'm gonna make all of your brains explode with these 2 words, "reverse lottery."
How about this idea of the reverse lottery, where the 14th best record would get the most balls? Also, I would make it that the 14-10th place teams would get an higher probability of getting the 1st overall pick (say 15-20% chance) vs what the current system has for the top 5 (9-25%).
Teams would be fighting for the 8th seed or a 15-20% chance of getting the top pick. This would give the NBA a better product (ie, PHI wouldn't just dump Evan Turner for a ~14M 2nd round pick).
I feel this rewards winning, ensure smarter contracts, & instills the game's integrity. Look if PHX doesn't get the 8th seed, they deserve the 15-20% chance for "Wiggins" & as of today, UTA would get the 6th position (vs 8th).
https://en.wikipedia.org/wiki/NBA_draft_lottery#Process
BTW, there won't be any "lottery tournament" unless they update the CBA. The players union would then negotiate for more BRI. Will those games be nationally televised? Money aside, do the players even want to participate in said tournament?
https://espn.go.com/blog/truehoop/post/_/id/3289/playoff-bonus-money