From Ted Leonsis, owner of the Washington Capitals, posted on Hogs Haven and reproduced on AZ Snakepit. The whole thing is well worth reading, but number one has especial resonance for Bobcats fans:

1 -- Ask yourself the big question: "Can this team--as constructed--ever win a championship?" If the answer is yes -- stay the course and try to find the right formula -- if the answer is no, then plan to rebuild. Don't fake it--really do the analytics and be brutally honest. Once you have your answer, develop the game plan to try to REALLY win a championship. Always run away from experts that say, "We are just one player away." Recognize there is no easy and fast systemic fix. It will be a bumpy ride--have confidence in the plan--"trust and verify: the progress -- but don't deviate from the plan."

H/T: HP