How would you feel if the Lakers traded Odom for Artest, and gave him a ridiculous 8 year, $100 million extension? Would you be celebrating the Lakers lack of fiscal responsibility? Or would you start dreading the thought of a another Celts/Lakers finals with the Lakers having a front line of Bynum, Gasol and Artest? Maybe more than one more finals? the 80s teams played three times.
I would be laughing at the Lakers stupidity for overpaying for someone.
I laughed at the Magic last year for giving up all of their cap flexibility in the foreseeable future by drastically overpaying Lewis. Lewis made them a better team...but he also may have prevented them from taking that next step.
I am laughing at Golden State for doing the exact same thing with Maggette, and now Turiaf.
If the Spurs, Cavs, or Pistons went out and gave Posey 5 years at the full MLE, I would laugh at them for vastly overpaying someone who doesn't guarantee them anything, but ties them up in the future. But you know what? The Spurs and Pistons wouldn't do that, because they are both smart enough to realize that is not how you stay on top.
I am a strong believer that the only way to be successful in the NBA (other than lottery luck...and as Orlando and Cleveland show, that only takes you so far, if you don't combine it with capology) is to be fiscally responsible, and plan ahead well. The C's did that over the last couple of years, which allowed them to get KG. The Sixers did it, which allowed them to get Brand. As soon as you start throwing around money, and not worrying about the consequences, you are in a lot of trouble.