This dam is 'old' but is completely sound, HOWEVER the dam can only hold back water so long as the water remains below its top. The reason the emergency spillway exists is because there is a larger threat from a dam being overtopped and then failing. The emergency spillway is being used for the first time ever and it is evident that no maintenance or updating to make sure it too was 'sound' was ever done. Additionally, the long period of drought, would have killed off trees, grasses and other stabilizing growth and left the earth weakened along the emergency spillway. Also, the main spillway, which has a gaping hole, thus allowing water to undermine it and erode the area adjacent to the main spillway is also not sound. It seems that no money at all had been spent to study/evaluate/strengthen the main spillway ever. It's only purpose in life is to guide water to the river, but in your time of need, it fails as a result of water that it should have been designed to withstand.
I will never understand how CA does things.