I can't recall precisely my posts at the time, but I'm thinking that I was in favor of something in the neighborhood of 55M/4, but not down with 75M/4.
Yes, I understand that there was a measure of uncertainty in the signing, but people's job performance isn't measured on their intentions or their reasoning, but on their results. As defensible as the Oden pick, or the Miller/Felton deal, or the Afflalo trade were at the time, all of them hurt the franchise and are generally viewed as such.
I guess I'm just not in favor of expensive lottery tickets. I'm OK with draft picks and rookie deal acquisitions as vehicles for acquiring players because they might become what we hope for them to be. Big dollar signings, in my mind, are for players who have already demonstrated the ability to fill the role intended for them, and are signed based on that expectation. Therefore, if the high-dollar player fails to fulfill that expectation, then it's a scouting/evaluation failure, not simply a risk that didn't pan out.