The Spurs le teams tended to feature a fair number of aging veterans, which meant we frequently had to go out in search of new players to defend les. Clearest case: David retiring after '03. We also had injuries to Duncan and Ginobili that were factors.
Between the injury risks and the deterioration of age, there were just too many things that could go wrong and derail the team. When you combine that with other teams that weren't standing still (e.g. Lakers with GP and Malone in '04 and Gasol in '08), it just never happened.
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