Anyway, my point (which I suppose I can expand now that I'm not on my phone) is that our options at PG for next year may come down to IT at about $8M on a 3-4 year deal, or several worse options. The FA market for starting PGs is pretty grim this year. There's Lowry, who will probably stay in Toronto, there's Bledsoe, who we can't afford without swinging a deal, and there's IT. After that, you start to get down to the Darren Collison/Jameer Nelson/Mario Chalmers tier. Or wish in one hand and Ray McCallum in the other.
I think that going with one of those guys from the lower tier or with Ray probably makes us a significantly worse team. We want to challenge for the playoffs next year, but I think IT is the only reasonable FA way to do that (I know some people disagree on that). Those other guys won't get us there. So we can sit back, and be scared of spending money, and doom ourselves to miss the playoffs in the hope of being able to use cap space in the future, or we can take our shot knowing that IT's cap number is going to soften in the future as the cap rises. Other teams are "overspending" for talent now because they feel strongly that by the end of the contract it will not longer be an overpay, they'll have additional cap room, and they'll have the talent. If we "underspend", then we have more cap room in the future, but less ability to win now and less established talent on roster to woo good players with the cap room we've saved ourselves.
That's what I mean about having other teams leave us behind by spending if we don't. In other words, bleeding money to get talent now helps us more now than it hurts us in the future. Bleeding talent to get money now hurts us more now than it helps us in the future. This isn't necessarily true if the cap isn't going to go sky high, but all indications are that the cap is going to go sky high. We can't be afraid of spending money. We have an owner that's willing to spend, we have to use that.
Obviously, if we swing a deal for another PG (Rondo, or ??) then the point is moot. But that would also go under "spending money" - starting PGs just don't come cheaper than $8M unless they're on a rookie deal.