NBA teams with poor front office management have two distinctive traits: they rarely spend money or ink big free agents, and when they do, they usually spend their money poorly.

The Golden State Warriors for instance have a horrible history when it comes to offseason spending. A few years ago, they perked up and started handing out max contracts to anyone willing to raise their hand. This resulted in Mike Dunleavy Jr. getting a $44 million deal, Troy Murphy a $58 million deal, and Derek Fisher a $37 million deal. Then management got stingy again and allowed Jason Richardson and Baron Davis to escape without getting anything in return.

The Warriors have made the playoffs one time in the last 15 years. The Milwaukee Bucks are dangerously close to becoming the Warriors of the Eastern Conference.

In the NBA, the team salary cap is a little under $60 million. And because star players typically earn $20 million a year, NBA teams can only afford to have two or three All-Star caliber players on their roster. Therefore, it's essential that the money these teams spend go to the elite players of the league. Elite players such as Kobe Bryant, Dwayne Wade, Tim Duncan, and LeBron James, players who only need a few good pieces around them to make their teams a contender.

Yesterday, the Bucks reached a five-year deal with Andrew Bogut worth $72.5 million. $72 million! That means he annually makes twice as much as Ron Artest and almost exactly as much as Pau Gasol, Yao Ming, Chris Bosh, and Amare Stoudemire. Comparatively, Finals MVP Paul Pierce is in the middle of a $59 million deal.

Is this a case of bad spending? Oh hell yeah. Andrew Bogut is a 14-and-10 guy -- giving him that much money is simply inexcusable. Add this with the $51 million they gave to Maurice Williams, the $91 million given to Michael Redd, and the $41 million still owed to Richard Jefferson, and this team could be stuck in no-man's land for the rest of the decade.

Last season, the Bucks won a pathetic 26 games -- and this is in a conference where the 37-win Hawks made the playoffs. For all their spending, the only players they've added are Richard Jefferson and rookie Joe Alexander. This team might not even make the postseason next year. All Milwaukee has done is elevate the status quo to a higher price tag. Their only hope of contending is if Alexander somehow becomes a superstar, but even if he does, they probably won't be able to afford him down the road.

Odds are that the Bucks just spent their way into a very costly hole, and that a championship banner isn't coming anytime soon.