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You're talking about an established league which already has a fan bas, tv contracts, merchandising, etc vs a non-established league whose playerbase just up and quit their prior league. Typically, billionaires aren't in the business of making such risky investments.
Also, your usfl point is sorta making my point for me. If the NFL ceases to exist, the USFL would simply, take it's place.
There’s never been an instance where the top players were available for an investment in a new league. It is absolutely absurd to me to think if Giannis, Steph, Bron, KD, and every other top player decided to start a new league nobody would invest. Teams are paying these guys a quarter billion dollar contracts despite many not playing for large periods.
Someone is throwing money at them.
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Yes. If the players existed in a vaccum, they could just switch leagues and new owners would be abound but the world doesn't work that way. Even if you bypass the players being under a current contract, where will these new teams be formed? Im sure the major cities have deals with the major sports teams already. Are you expecting these cities to supply new arenas? You don't think there will be blowback from disgruntled fans? There's 100s of unanswered questions in a real life scenario like this.
People want to be entertained. Just look at actors. The best actors in the world are in some horrible movies. Typically, these movies lack production value. Some are even "straight to dvd" types. The NBA is no different. Without production value, the game isnt as entertaining. Furthermore, the NBA would remain in tack, so while there would be lesser players, the teams are still established, the tv contracts in place, etc. That's still an entertaining product.
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