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Cavs owner Gilbert says he regrets guaranteeing titles. You don’t say.

Oct 30, 2012, 9:35 PM EDT

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All too often in life, we are the last ones to come to the realizations that everyone else around us figured out a long time ago. Like that girl we were dating was essentially Linda Blair from the Exorcist. Or we really shouldn’t have let our frustrations lead us to saying something stupid in public.

Meet Dan Gilbert. Billionaire owner of the Cleveland Cavaliers.

You remember him, the guy who handled LeBron James leaving the Cavaliers for Miami with all the grace and tact of a Desperate Housewife of New Jersey. He promised his rebuilding Cavaliers would win a title before LeBron and the Heat.

Dan, how’d that work out for you? From the Associated Press.

“Looking back now, that probably was not the most brilliant thing I’ve ever done in my life,” Gilbert said Tuesday.

No. You don’t say.

“If you’re going to predict something that doesn’t happen and you’re going to do it publicly, you’d for sure take it back,” Gilbert said. “When that happened when they won, it was the end of the end of the end of that whole thing. Now there’s nothing more to talk about. In a way it was like a little bit of a relief. If they didn’t win it, it would’ve been still another thing of who’s going to win it (first).”

Gilbert is lucky because out of the disaster he landed Kyrie Irving — a young superstar point guard the Cavaliers can build around. Did you learn anything from this, Dan.?

“The key thing, whoever you are and wherever you are, you can not wait,” Gilbert said. “The big lesson was if a player is not willing to extend, no matter who they are, no matter where they are playing, no matter what kind of season you had, you can not risk going into a summer and having them leave in unrestricted free agency and get nothing back for it.

“It’s not the player’s fault. That’s on ownership. Had we done that, the whole thing would have been crafted as I’m sure the player or whoever would have said, `Of course I would have stayed. You guys screwed up and ruined the whole franchise.’ You’re in a no-win situation.”

That’s one lesson. Another one could be that you need to not let the player have the run of the franchise and make sure you have a GM in place that understands how to build a team around said player not just desperately slap parts up and hope they stick. That could be something to remember going forward. Just a suggestion.

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