Cleveland could have given Boozer the money Utah gave him. If they did he would still be a Cav and the Cavs might have a championship.
That's not really true. Yes, as a restricted free agent, the Cavs had the right to "match". However, since Boozer was coming off his second season, they didn't have Bird rights. That meant the team would have had to clear sufficient salary cap space to be able to match Utah's offer, and couldn't do so.
After the same thing happened with Gilbert Arenas, the CBA was modified. Now, a team can't sign a restricted free agent with one or two years in the league to an offer sheet worth more than the MLE in its first year. If that had been the rule at the time, Golden State could have matched Arenas and Cleveland could have matched Boozer.
Roy,
This may be a stupid question but why couldn't (or didn't) the Warriors and Cavs have signed Arenas and Boozer to a oontract similar to what the Celtics gave Powe? All were second round picks and it seems like the team would have leverage over second round picks.
To sign a second rounder to a three year rookie contract, you have to use either your salary cap space or the MLE. A three year contract is important, because it vests "Bird rights" in your draft pick, allowing you to go above the salary cap to sign your own free agent for any amount (up to the maximum salary). Some teams like to use the full MLE on the free agents, and worry about rookies down the line, etc. Danny has been very shrewd in making sure he locks up our #2s to three year deals (non-guaranteed) when possible, which allows us the ability to resign those picks for whatever amount we want at a later time, should we so choose.
The bad part, and the part that makes people dislike Boozer, is that the Cavs *had* been smart, in that they signed Boozer to a contract that had an option for a third season. The Cavs could have brought back Boozer for something like $600,000 or so.
However, Boozer went to the team's owner, and asked that they not pick up the option, because he wanted to sign a long-term contract with Cleveland for 6 years, $39 million. The Cavs (stupidly) agreed, presumably because they wanted to lock up Boozer long-term at a bargain deal.
Boozer then went back on his word, listened to offers from other teams, and signed a huge deal in Utah.
Golden State never had the option of retaining Arenas, because they hadn't planned ahead and only signed him to a two-year deal. Cleveland, on the other hand, negated its smart planning by acting incredibly stupidly / naively.