Ok, let's look at this from a slightly different point of view.
The only thing I look to is this... the Spurs know their clock is ticking. Duncan has two or three left at championship level. TP has two years left on his deal. RJ has a 15 mil PO next year. Manu is in the final year of what has been a dissapointing extension due to injuries. Manu doesn't HAVE to sign back with the Spurs; the Spurs will likely not give Manu the same money he got before if he isn't back to his All Star/6th-man level. The only 3 players we know FOR CERTAIN will be back next year are Tim, TP and Dice. Realistically I would expect RJ not to turn down a 15 Mil option (if his time here sucks he isn't going to get 15 Mil elsewhere and if he is an All Star he is going to want a long term deal at the 15 Mil level and I don't see that happening).
Let's face it; this is the last rodeo for the Tim-led Spurs. If Manu isn't the cog that is going to drive the train he is going to be traded. With an expiring contract and his pedigree there are a bunch of teams that would LOVE to get him. If the Spurs have shown anything, it is that no matter who you are you are not safe from being traded or cut (Elliott, Kerr, Malik, Bowen, Barry - some of the most beloved Spurs, ok so not all the greatest but the idea is still there).
For the first time ever Holt went over the cap; he knows the clock is ticking. This is the time to get another ring or it ain't happening. TP is not a certainty to re-up, nor is Manu or RP. The current roster is not going to win it all. You can aregue and holler all you want that it can be done, but not in the state they are in. Manu isn't 2003 or even 2005 Manu. Mason and Finley aren't going to lock up Kobe/Dirk/LeBron/Pierce on D like Bruce did. We are destined to be the biggest threat to the Lakers and nothing more at this point. Now we obviously do not know about player progression; I mean, who knew in 2001 that TP was going to be an All Star? , Speedy got more crunch-time play in the 2001 Finals than TP did. So that mean, yes maybe Blair and Ian could rise to be that Pau or similar not quite an All Star but a great complimentary player. At this point, I don't ever see Ian being that.
The point is, Holt knows what we all know - time is winding down. There is a major rebuilding upcoming. He is doing things he hasn't done before. Our Euro picks haven't panned out after Manu and TP like they were supposed to. Something else needs to be done. That something may be bringing back an at ude in the hopes that Pop and Tim are the ones that can reign him in.
All I am saying is that I don't believe that we can say there is no way we will trade Manu and no way we would bring in a big contract and no way we will bring SJax back, because a year ago we would have all said there is no way Bruce gets traded and Holt goes over the cap - but it happened. Everyone being indignant about how the Spurs are this way and Holt is that way and Manu is this to the city and all that stuff - you might as well can it because there are only 4 people on the bench that we know will for certain be there at the end of the year: Tim, TP, RJ and Pop.
We all want All Star Manu to be there, but I truely believe that average Manu will not.