What should Jazz do with this pile of cash?

Those who still think the Utah Jazz aren’t willing to pry open the vault in their back pocket to put together a competitive squad might be interested to learn that Larry H. Miller’s franchise is again over the NBA’s salary cap.
By millions.
The league announced Tuesday that for the 2008-09 season, the cap will be set at $58,680,000. The Jazz have already committed about $2.6 million more than that to their signed players, with another couple of million possibly headed to first-round pick Kosta Koufos (if he signs as expected) and to restricted free agent C.J. Miles (if he accepts their qualifying offer).
If both of those players sign with Utah, the Jazz’s salary obligations for next year would be just over $63 million. It’s currently $61,287,507, according to hoopshype.com.
The good financial news (Part I) for the Jazz is that the NBA set its tax level at just over $71 million, meaning teams don’t have to pay the per-dollar-over fee until their salaries exceed that number. That number is higher than the salary cap because teams aren’t penalized for paying their own free agents.
That means the Jazz could still offer the mid-level exception of roughly $5.6 million to a free agent without having to cough up extra cash.
But if Koufos and Miles sign, the Jazz would have a loaded roster of 15 players. That means they’d have to work out a multi-player trade to get a newcomer.
And Part II of the Jazz’s good financial news?
If numbers ESPN.com are reporting are correct, Utah will receive a nice, little Christmas in July bonus this year of $4.2 million.
What’d the Jazz do to earn it?
Nothing, except for not exceeding the league’s salary-cap tax level.
Who do they send thank you cards to?
The New York Knicks and Dallas Mavericks, for sure. Heck, they might even send a box of chocolates to Madision Square Garden’s spendy executives and the Mavs’ Mark Cuban, seeing as they each were $19 million-plus over the limit. Cleveland, Denver, Miami, Boston, the Los Angeles Lakers and Phoenix were the other six big spenders.
They all went above the dreaded taxable line, which means they have to throw an additional dollar in a pot for every dollar they went over the tax level in salaries.
The 22 teams who didn’t ‘overspend’ — including the Jazz ‘ each get an equal share of that lump sum. The eight non-frugal squads went over by $92,454,198 million.
Which brings us to this final question:
If you were part of the Jazz brass, what would you do with that extra cash? Well, besides give it to you, of course.