Hey, the Pistons had young "studs" like Rodney Stuckey and Jason Maxiel.
It's never pretty when you have to break up an aging team that used to be good. But the lessons seem to be:
1. It's better to trade players a year too early than a year too late. Always trade older players for younger players, never for another older player.
2. Cap space is overrated. It doesn't make baskets for you, and if you're team is crappy, you have to overpay for second tier FA's, because none of the others will come to play for you.
3. Never underestimate the value of a good point guard.
4. Rebuilding on the fly doesn't work. You need at least one trip to the lottery (and you need to draft well when you get there) in order to start climbing back up.
Some franchises lend themselves better to working on the fly than others - it helps for the weather to be good and the taxes to be low. Oops. But the Celtics did go after a title and the fans are great - two points in their favour.
Trading guys earlier than late is always a sound plan - but really extending guys is the risk. Getting under the cap is always a good idea because it is just easier to move around. Indeed hoarding cap space is a bad idea on its own - if you have a reputation for being cheap, nobody will come anyway.
It seems that the lesson to working in the salary cap has been the same as it ever was:
1. Identify your franchise makers. Their contracts set the table, in both money and years, but more the years.
2. All the non-core contracts are restricted in length by the contracts in #1. Can always take the machinery apart this way quickly. San Antonio's franchise plan is entirely hitched on Timmy staying there? You know what? That's how it should be.
3. Don't screw up draft picks when lottery positions pop up.
4. Otherwise - have to take a combination of probability guys and potential guys. Probability guys are - well they're Tony Allen. Obvious projectable rotation contributor sort, but nobody confused him with being a star. Potential guys - you're going to miss 90% of the time on them probably, but the chance to stumble into an important future player STILL creates good expected value.