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!!!!
I am curious about how people are getting their money and they can still watch the game even with high prices of seats, food, and drinks. Sometimes you will even see a fully packed homecourt. Are there really that many rich people today?
Anyway, yes, I think the contract they give is too ridiculous. NBA should make a move too because it seems like they are not hurting any team from the luxury tax they provided to limit the number of superstars in one team. Or, are they too happy with the mountain of money coming in that's why they won't do anything? Well, it's business but it just sucks to see a lot of money being wasted for non-essential things like entertainment. I am not against it too but it is being abused.