As well they should be. The Lakers are a better team. To be fair, the Hornets were probably a better team as well. San Antonio has a lot of work to do.
It is a little strange. One of the main characteristics of San Antonio over the last ten years is that they have always made the hard decisions. When a player started to decline, the Spurs let him go. When a young guy had a good season and wanted a pay day he didn't deserve the Spurs let him go, preserving cap flexibility. But last summer, the Spurs let sentiment get the better of them. The expected Horry, Finley, and Bowen, who were clearly on the decline, to be able to step up in the playoffs. They couldn't, and now the Spurs have to use that cap flexibility to rebuild this team around Tony Parker, who is still only 25, and clearly represents the future of the franchise.