I think there's certainly potential for this to blow up in their face. However - I think they feel the addition of Poeltl and a Top 10 pick this year (assuming FVV/Trent/Poeltl are extended) + the expected development of Barnes will put them right back in the thick of things in the East. They won't be a top 3 team, but with the Nets selling, there just isn't a lot of talent in the East. Miami is aging, Knicks suck, Atlanta/Chicago continue to underachieve, etc. They likely feel they can battle with Cleveland, Miami and Atlanta (maybe Chicago?) for the 4th or 5th seed - which would push the 2024 pick into the 20's, which is much less valuable.
They need some f***ing guards though - good god.