I had Emailed Babs earlier today before any one had posted the outcome on the deal here is what he said.
Detroit decided to keep the pick for this year, although Joe Dumars' told me today that they would be willing to move the pick in a trade if we wanted it.....we would only make a deal for a later first if a certain player were available. We will have multiple firsts in the next several years if we do not trade them in a package this year. Thanks for your interest.
Pete Babcock