"[NBA Owners] They don’t know how to spend their money. Today we’ve decided to look at the most reckless franchises operating under the last CBA. If the owner’s claims were true, this is evidence that they are bringing financial ruin on to themselves.
We set up some simple criteria to find these offending contracts: A team had to sign or trade for a questionable player after the start of the 2005-2006 season. This questionable player also had to have at least 3 years left on their contract and one year remaining with a salary of $10 million or more."
How do our beloved Pistons fare?
"6) The Detroit Pistons.
Owner(s): William Davidson
Reckless Contract Values: ~$92 Million
The Pistons just skirted the rules with Charlie Villanueva (he won’t make $10 million). That said, their decision to pay Richard Hamilton and Ben Gordon insane contracts (for the same position!) gets them to the top of the list. I think we can accept that Joe Dumars has no clue what he is doing. Let’s hope new management reigns in the poor spending."