I think you are. Basically MU is just offloading bad contracts (Gay, Bargs, even Augustine if you think about it) just like every other capable GM would if he knew how to do his job, regardless if he's tanking or not. He's not stripping this team of it's talent in order to lose games. Vasquez and Patterson look like solid shortterm additions.
Btw "Trading Gay looks like a tank move" makes me lol everytime. No, acquiring Gay and his contract are tank moves!