You seem to have a weird idea about what leverage is. Losing out on millions of dollars and damaging your reputation—just to play the same lottery again—doesn't sound like a good use of leverage; it sounds like losing.
There's also a very clear, bright line here—and I'm sure the jazz don't want to be the ones to have it crossed on them. There are a lot of good things to come out of the Player Empowerment Era, but I'm 100000% sure that owners don't want to see new entrants into the league steering their way to wherever they want to go. I'm sure the Jazz would let Ace burn himself to the ground before they'd be the first team to get stepped on like that.