I don't think there is any team in the NBA in a worse situation than us right now.
Think about the shitty teams; Lakers have a decent looking future, Sixers future is looking very bright, Bucks have great young talent, Heat have figured it out, Wolves and Pelicans have maybe the two most incredible young talents in the NBA. Suns have young talent and have even beaten a few good teams this year.
We are stuck with two ball dominant guards who are black holes defensively, a bunch of overpaid value players, a shitty coach, and an arrogant GM. We're also going to have the highest payroll in the NBA next season. I think the only shittier situation at the moment is probably the Nets.