Bobcat's is kind of a bad example. For the last 10 years they never had the top pick, have been in some terrible drafts, always seem to draft just outside some top picks, and of course made some terrible draft pick regardless of where they picked. The last 10 years look something like this:
13'Zeller 4th (undecided) looks like a bad draft
12'Gilchrist - (2nd), other than Davis looks like a bad draft
11'Walker (9th), decent pick for 9th
10' no pick
09' G Henderson (12th), bad draft, decent pick
08' DJ Augustin (9th), bad draft, bad pick
07' B Wright (8th), bad draft, bad pick
06' Adam Morison (3rd), bad draft,bad pick
05' R Felton (5th), bad draft,bad pick
04' Okafer (2nd), bad draft
If the bobcat get a little bit luckier, and land a spot or two higher, they most likely couldn't have screwed up the draft this bad. 04 they get Howard and last year they get Davis. My point is that, if your going to suck, suck real bad, and at least your odds will be better getting the top pick.