I mean, of course you can. You only have so many roster spots. You mentioned the things the Raptors could do with the pick, but we've seen the reality of having that many picks is usually the team selling the picks for pennies on the dollar during the draft.
You're free to think that, but I think the Raptors could make the argument for their side without it seeming particularly crazy. Either way, it's inconsequential. Even if there is an impact player taken with that pick, Toronto would've have ample opportunity to select or trade up to acquire such a player. I wouldn't want the difference between the OKC first and 31 to stop Wright from making a trade if he thought it would help the team.
Toronto has a lot of capital, especially this year. They needed a second center more than the Spurs need another PG. Regardless, I would've felt in a similar way in the previous years too, especially if I had known that the alternative was the Spurs kicking the can down the road or just selling the pick off to give the Holts some spending money.
In fact, the Spurs have three or four picks in this draft right now. I think there's a good chance the Spurs get less out of that pick than a vet rotation player and a decent prospect. Like I'm sort of sad they didn't try for Royce O'Neal, even if it were going to be difficult to re-sign him. Just having a quality defender could've done a lot to stabilize the rotation for the rest of the year, and having Royce's Bird rights would've made it much more possible to pivot toward a win-now stance after making a big trade for Young, Mitc or whomever else. That was worth 33 and a couple of throw-away seconds.