Bold claim, yes. Let's see if I can pull this argument off...
The Pacers have too much money wrapped up long term in Hibbert, West, Paul George, and George Hill. They have a very good core in those 4 guys, but those 4 by themselves aren't enough to win a title. In order to really contend, they NEED more good pieces around those 4 guys.
Here's the problem: after this season, they will have $50mil committed to those 4 guys and another at least $15 committed to Scola, Mahinmi, Copeland, Watson, and Solomon Hill. So they are over the cap. This team as constituted cannot win a title. They need at least 1 more very solid player, but no cap space to sign anyone except by using the mid-level exception. Unfortunately, they are more than 1 MLE player away from contending as well.
But the Pacers will have one other option to add talent around that team.... and that's to resign Lance Stephenson and/or Danny Granger with their bird rights. This is Indiana's ONLY chance. Doesn't sound so terrible, right? OK, so they know what they have to do. The problem is that these players' agents also will understand the situation at hand here. Indiana has NO other choice; their hands are absolutely tied. They either pay $60+ mil for a team (in a medium-small market) that will be a 2nd round bounce in the playoffs or they can sign these guys and actually have a chance. They will have to pay them whatever the players demand.
So lets take a look at the team after next offseason - going into the 2014-15 season. Then they will be a small-market team paying $80 mil for a very good team. Some of their key players - West, Scola, Granger - are going to start showing some serious signs of their age. If they win a title, great, but I don't think they'll have quite enough to win it all.
Then Scola, Copeland, and Watson all come off the books. Because of whatever long term, big $ contracts were given out to Granger and/or Stephenson, Indiana will be over the cap still and have no choice but to resign (and overpay) them for whatever price they demand. Or they can try to sign a MLE player for multiple years, which we all know how well that works out.
I envision this franchise turning into Memphis 2.0 without quite the bargain that Memphis got in Allen, Gasol and Conley.