It's not a waste if it brought them some form of benefit, however. If spending the extra money raised their chances from 75% making it to 90% making it (just making up numbers), then it was worth it for them to spend the money. If their likelihood of making the playoffs would be 100% at $150 mil and 100% at $250 mil, however, then it was a waste of money. It's a waste regardless. They did get some benefit, but you can still waste on your way to acquiring a benefit.