Let's look at some numbers.
The average spot where this year's All Stars were taken is 16. Sixteen. That's outside the lottery. 9 out of 24 were taken lower than 14th seed(again, last one of the lottery), and 5 were taken in the second around. Isaiah Thomas was the last player drafted, period, at 60. 4 players were picked at number 1, and only one each at 2 and 3.
Take a look at top 5 picks between 2006 and 2013, so players currently in their prime or just entering their prime. I've got a little table of draft years, draft positions and those players' All-Star appearances as of 2017.
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So that's 56 combined AS appearances. 1.4 per player. I think we can all agree that's a paltry return. I mean, Jamal Magloire had that many All-Star appearances. The best return seems to be the number 1 spot with 20. The rest are between 8 and 13.
Even the number one spot is a crap shoot as 3 out of 8 are goose eggs. Hell, two of those, Bennett and Oden are in serious contention for biggest busts ever. That's scary. One in four chance that even if you get the number one pick, he's going to be a bust so massive, your fans will blush when their names are brought up.
It's pretty terrifying that between 2009 and 2013, only two players drafted 2-5 have made an All-Star game, Harden and Boogie. Again, we're talking players who are 27-30 right now. Fairly unlikely any of them ever will, except maybe Bradley Beal. There is also no year in the sample that more than 2 players drafted in top 5 became All-Stars.
And just as an illustration, here's the 27 players from that sample that haven't played in an All-Star game, starting from 2006.
Greg Oden
Mike Conley
Jeff Green
Michael Beasley
OJ Mayo
Hasheem Thabeet
Tyreke Evans
Ricky Rubio
Evan Turner
Derrick Favors
Wesley Johnson
Derrick Williams
Enes Kanter
Tristan Thompson
Jonas Valančiunas
Micheal Kidd-Gilchrist
Bradley Beal
Dion Waiters
Thomas Robinson
Anthony Bennett
Victor Oladipo
Otto Porter
Cody Zeller
Alex Len
Just look at that list. Conley, Beal and Rubio are very good players and perhaps close to All-Star level. Favors, Turner, Valančiunas are decent contributors on decent teams. Oladipo will probably put up numbers on a very bad team. A few players from the 2013 draft will probably be servicable. The rest of the list is ranging from utter garbage to managing to still get an NBA contract. Oden, Thabeet, Mayo, and Bennett are all out of the league already. I have no idea how Beasley isn't among them. Thomas Williams is 26 and struggling to get 10 minutes a game on a team trying to lose. Several other players, like Kanter, Waiters or Evans can get minutes, but have such glaring holes in their games that no team meaning business will ever give them serious minutes.
I'm really not sure a top 5 pick is the boon you make it sound to be.
Here's most of what is available as research about draft picks(credit to Inigo Montoya on realgm for getting the links):
NBA Draft Picks: Expected Performance
http://www.82games.com/nbadraftpicks.htm
Assessing the Relative Value of Draft Position in the NBA Draft
http://www.82games.com/barzilai1.htm
NBA Draft trade value chart
https://fansided.com/2016/06/16/nba-draft-trade-value-chart/
The key to the NBA Draft is having picks in the top 10
http://www.businessinsider.com/nba-draft-pick-values-2017-6
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The value of a draft pick and draft pedigree in the Finals
http://wagesofwins.com/2013/05/21/f...-draft-pick-and-draft-pedigree-in-the-finals/
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Nobody is saying anything is guaranteed with high end picks, but it definitely is the best way to get high end talent, especially for small market teams that don't get high end FAs, which is the other main way to acquire talent.
Here's what we are facing as choices in order to get high end talent:
Draft:
-tank mode 1 year - lets say we get a top 5 pick. The rough odds of drafting an all-NBA player there is about 35%
-no tank mode - lets say we draft somewhere between 12 and 18 - what are the odds for an All-NBA player there? I really don't have the numbers but they shouldn't be more than 3-4%. If you want me to run through a 10 year span I will, but I'm almost certain it cannot be higher than this.
Trade:
-tank mode - lets say the chance is zero since we are not going to trade for a star while we are bad(we might increase the chances to draft a star since tanking teams usually can afford to add lottery balls through taking on bad contracts and acquiring pick swaps/unprotected picks, etc)
-no tank mode - how many All-NBA players have we traded for in the last 20 years? ZERO!
FA:
-tank mode - no high end FA is coming to a tanking team - zero
-no tank mode - how many All NBA players have we gotten in FA in the last 20 years? Boozer. 1! In 20 years... and this was BOOZER! Can you even count him as a game-changing type of star?
Tell me again - which way is more likely to net you a star to pair with Gobert?