I don't really understand how the NBA could be in such bad shape. I almost don't believe it. Prices for games (atleast for Celtics and Knicks games) are pretty darn high. And both sell out the vast majority of their games. Of course these are two of the biggest markets, but except for a few really lousy teams, everyone else seems to be drawing solid crowds, even selling out when the big teams come to town.
The Nets were the lowest attended team last season. They are in a newer arena this season, and are moving to Brooklyn in two seasons. They will be selling out in Brooklyn, no doubt about it.
The owners are crying, the players are crying. It's sad when millionaires aren't making enough from the billionaires and the billionaires are losing money because of the millionaires. I feel for them.
A hard cap seems almost impossible because of all the contracts signed under the soft cap rules. Would all of these teams have made these moves knowing they would be strapped down in the tail end?
I guess you can make a hard cap if you unguarantee contracts (giving the team some flexibility), but the contracts already signed ARE guaranteed. Then you will just see crazy signing bonuses, where players like Durant are making $6M per, but are handed $50M just for signing.
The players will probably have to sacrifice more then they would like, but it's better than missing a whole years worth of NBA paychecks. A (temporary?) contraction may not be the worst idea for a couple teams, but maybe some relocating would be better. Look at OKC.