I see a lot of middle tier players leaving to get star money abroad.
There are a few posters in denial. Teams abroad make money and have money to spend. The NBA is not the only profitable league, and Americans aren't the only people who love basketball. If we can support the salaries in Football, Baseball and Basketball, as well as shelling out millions for golf tournament prizes, why can European countries get enough support for soccer and basketball, especially with the weak dollar?
This poses serious questions for the salary cap and restricted free agency. If you impose restrictions on local teams that teams abroad don't have, local options of such players are lessened. Still, regardless of what rules are instituted, NBA teams just don't have the means to hold off foreign leagues indefinitely.
I also wonder how the Navarro experience will impact other foreign players. He in an interesting story as he took a pay cut to come over and was clearly good enough for the NBA, but had a bad experience and decided to return home. I see the NBA continuing to lose prestige.
The importance of the Olympics this year for the NBA is to regain some of the lost prestige.