A lot of talk is going on here about who is more to blame, IT or Dolan.

However the main problem, not just with the Knicks, is the structure of the league that allows a situation such as this to happen.

The cap system is messed up, beyond belief. No successful sport does it the same way NBA does.

The NFL has a hard cap and it works outstanding. The NHL went to a hard cap and it fixed the Rangers, owned by the very same James Dolan.

The cap which allows team to go over it is a death trap for teams with bad management. Why does the NBA hurt its own product by punishing mistakes that former GMs make for several years after they are gone? What does this accomplish?

I don't want to hear no bs about fare play and accountability, because a flexible cap does not encourage any of that. If you wanted to make it fair you would have a hard cap.

Accountability should not take precedence over good business. Artificially holding teams down because they signed a guy to a 7 year deal and he is terrible 3 years into it, and they can't cut him and take of the cap is just plain dumb. It does not help the league, the team, or other players.

If you want to take about accountability, then lets talk about accountability for the players. What incentive do players who get deals have to play well? None! This is a classic principal-agent economics problem, and Stern apparently failed to take Macro 101 back at Rutgers.