while i think magic is a self-centered, shallow idiot. and jeannie buss is probably in over her head, what has actually happened here that is so horrible for the future?
they have lebron, they have good young talent, they have a top draft pick (can't remember what spot it is exactly) and they can easily get a second star to play there. plus they can probably get an older minor star to sign there for below-market (or MLE/LLE).
i don't see any long term damage here.