did you have a problem with Colangelo signing the #1 FA on the market in back to back years (AC Green and Danny Manning) for only 1 million dollars each, with secret agreements to then sign them to bigger contracts in year 2 when we had their Bird Rights?
You're talking about two very different things. No, I didn't have a problem with it. None of us did back then, the Salary Cap meant little to us fans. Keep in mind we were still pretty early in the salary cap age, it didn't even exist until Stern took over in the mid 80's. And we didn't have the internet to keep us informed on things like this, just a little bit of NBA coverage on ESPN.
But if the JC situation happened today, yes, I'd have an issue with it. Keep in mind JC didn't do it under the table, it was right out in the open. Even the sports media raved about the way he was handling it especially once he held to his word by paying an injured Manning despite not being contractually obligated. When Stern went public that he was going to go after teams that violated the intent of the Salary Cap, we never went there again.
The current situation we're talking about is the midseason buyouts. It was intended to allow older veterans to escape rebuilding situations and land some place where they could still be relevant. But agents and teams now are using it as a salary cap workaround to get marketable players to better markets.
I'm not stomping my feet and crying about how unfair it is, I just think it's bad for the league. And if it's not bad for the league than they ought to dump the Salary Cap, and forget about their supposed quest for league-wide parity.