Just speaking as another set of eyes: Your team has gotten quite old. If you aren't competing, then now is the time.
You have a few guys who could blossom: Anselmo, Peck, and Castle. Definitely need to re-stock with a couple or three good drafts. The Pacers have a noticeable lack of youthful talent coming up. You could quick fix for the short-term and sign other older stars, or go long-term and raise your own. A tough choice I had to make a few seasons ago and while we struggled, I believe I have stocked up with some serious talent.
I spent the max on scouting and was pulling good potential guys, even in the second round.