Don't know why you're assuming these deals don't have a TO on the 2nd year. Sounds like you're slipping into panic mode again. From my POV, looks like DL is being very careful NOT to lock us into anything, and instead is maintaining some flexibility.
For all you know, Hood, Exum and Favors may all be involved in a trade in the next few days.
There are no easy answers to quickly recover from the Haywood loss, and tanking isn't and never was an option. However, I think DL will keep that option open for next year if we can't work things out this year. For now, have a little faith in Rudy. He believes he can win, and I think he deserves the benefit of the doubt.