To all those who want to lose lots of games, I would like to offer a different perspective. Yes, you get a high draft pick, but you also become less attractive to free agents. Free agents want to go somewhere where they are trending up, not hitting bottom.
Not only that, since draft picks are a crap-shoot, a high draft pick that doesn't work out can hamstring a franchise for a long time. Take Mike Williams for example. He should have been a cornerstone, but he's just a wasted pick for us.
I'll take 7 wins, thanks.