No, they are worth more than that much money. They don't even work in a free market where their pay can accurately correlate with what they are making the business they are in. Max salaries specifically, even more than salary caps, really skew things against the superstar players especially in this sport. Superstars make their teams and the league more money in the NBA than in any other league in professional sports (maybe not soccer, I don't know enough about that to say).
So the bottom line is most of us on this forum watch most of the Blazers games. A lot of us watch dozens of other games that are nationally broadcast. Then there are others with NBA league pass that catch a couple of games three or four days a week, some recorded. The money that you see the players making is a minimized reflection of what the teams and league as a whole make. Unless you're a communist (which I can respect but don't agree with) these guys are worth every cent they make and the superstars are worth more.