Also, for whatever it's worth, we've done okay with attracting Tier 2 free agents. Rasheed was probably the most coveted mid-level free agent last year, and he had his pick of contenders to go to (San Antonio, Orlando, etc.) He chose Boston. Jermaine O'Neal did the same thing this past off-season.
At the very least, that shows that we can compete with other cities when it comes to attracting free agents. When the money is even, guys have chosen to come here.