I happen to think that Danny misjudged the entire off season market last year. He felt that since past champions like San Antonio, LA and Miami became desirable spots for free agents to want to go to that the same would happen with Boston. Problem is all those other places are warm weather environments and have a lot to offer in that regard to these players. Boston was a champion but it's a cold weather city.
Second, he should have had a firm offer and timetable set with Posey. One time take it or leave it boom right now. If Pose took it great, the team is intact. If not move on and restructure the bench to the best form of play that was conducive to winning for this team, that is good half court basketball, played efficiently on both ends with players of height down low.
But instead, Danny misjudged the market, and if the 2yr/$3.1 million figures that a couple of sites have out on the POB contract are correct, then Danny severely overpaid for someone that was in next to no demand. And he then misjudged the entire Posey demand. And after misplaying the Posey situation and letting it linger so long, he compounded the mistake for overpaying for Tony Allen. About the only thing he got right was the House signing.
I am also convinced that Danny felt he would be able to sign an older free agent big during the season or pick up a bought out vet. But again it looks as if he may have misjudged that too as the big man pool dried up(PJ Brown and Mourning retired, Mutombo went to Houston) and the quality of vets being bought out has been awful(Walker) or unattainable(McDyess).
Now Danny might be stuck with going into the post season with the team staying the way it is currently constructed and pray that the development of Rondo, Perk, and Davis this year will be enough to overcome the loss of Posey and allow this team to repeat.
As for the Posey situation in NO. I don't think the Hornets regret signing him at all. The Hornets aren't as good because Chandler and West having been playing nearly as well as last year and that they miss Pargo off the bench. besides when Posey was signed, no one was thinking that the economy in America was going to collapse and that the stock market was going to lose almost 40% of it's value and cause professional sports owners to take significant financial hits that would force them to change their salary management techniques.