Noone deserves 260 million dollars max contract extension or anywhere close. People need to boycott sports honestly. The cost of a ticket is outrageous. Then add in food and drinks, parking, and any kind of memorabilia or Souvenir and you are spending nearly 200$ for a cheap seat to the game you want to watch.
It's greed on all fronts. The owners for charging the crazy prices, the players for the insane salaries they get, and the public for being dumb enough to pay it. If people stopped frequenting events and owners couldn't sell seats, maybe a reality check would happen and prices would drop. Noone needs that much money period.
I'm not saying these guys don't deserve to make a decent wage. Yea 25-50 million for 4-5 years, but 260 for 4 years is just silly. We have our priorities wrong. What about the cops who protect us? The doctors who save lives? The teachers? Ridiculous!!!!
Any professional sport is, first and foremost, a business. As far as I know, the main sources of income for NBA teams are TV contracts, sponsorships, merchandising, as well as ticket sales. However, even if we assume an arena fills up completely and fans spend an average of $200 per game throughout the season, that would only be enough money to cover the cost of one top player's contract.
I agree with you that the priorities are wrong. As an example, a neurosurgeon who saved many lives definitely deserves a salary of a few million dollars. But the reality is that money rules the world, and there is no government that will spend that much money on a doctor's salary because it is economically unprofitable.