I'm pretty sure I was at one of our playoff games and it was bumpin. The NFL and NBA are two different monsters when it comes to attendance. One winning season in the NFL and people come out of the wood work towards the end of the year. What the Bobcats needed to do was put together back to back decent seasons. When they blew the roster up after the playoffs they pretty much erased a lot of the gains they made as far as attendance numbers go.
Keeping Felton and Chandler would have meant paying the luxury tax. So you think the team should have risked ~$25 million or so, ruined the team's future cap situation (and any roster flexibility), gambling that a 7/8 seed would bring the fans out in droves.
And now you would be left with a lineup of Felton (28), Jackson (35), Wallace (30), Diaw (31), and Chandler (30). That is not even close to a playoff team right now, so you would have a very expensive team that is not competitive, plus no cap space and no young players to build around (Henderson would be there, Kemba and MKG would not)
I'm glad you arent the GM