Does the NBA draft lottery make any sense?

On the outset,It might not make any sense as the team which lost most number of games might not get the first pick. But the way it is right now allowing 14 teams to play the lottery does not make any sense to me. Well, The Houston Rockets might have given away some games long back to get a player like Hakeem Olajuwon.I understand and agree that with out the lottery, there will be a fight to be the cellar dwellers of the NBA and the games during season might pale in comparison to the draft lottery day.

I dont see a reason why a team which has the sixth worst winning record should be allowed to pick second over teams that finished with the worst and the second worst record. I am not saying that just do what the NFL does. Go ahead and make up other rules to determine who gets to pick the 1st pick. Simply Ping Pong balls cannot determine the fate of franchises. I hope some owner speaks up against the dictator Stern. Why should the team with 14th worst record even have a shot at the 1st pick? I know the chances are very less mathematically but why do we even need to have the team which has won more than half of the games in the lottery. Just because it has not made the playoffs. Give me a break! In the last 15 years, the team with the sixth-worst record has won the lottery as often as the worst team. Last year Chicago had 1.7% chance and ended up picking 1st in draft.

It amazes me that in this day and age lottery determines who gets to pick first, second and third. IMHO, only the the teams with the worst four losing records should get a shot at the first three slots or even just have the lottery among the teams with the three worst records. A lottery will still server the purpose of discouraging teams to give away games but will not punish teams such as the rebuilding Sacramento Kings or injury ridden Washington Wizards.