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Because the 400 of the best players in the word are currently under contract to the NBA. And those that are about to be free agents are part of the NBA players union.
So, unless you hope to get a couple defectors, all the best players leaving college and a few international players, your going to be about 350 players short of having a competitive product.
BNM
How unbreakable are those contracts, tho? I don't know - but it seems like they all have a right to just quit their jobs (paying whatever penalty might be in the contract for doing that). You can't force someone to work for you, even if they signed a contract that said they would. Then it would come down to enforcing non-compete agreements when they sign with the new league, which aren't likely to be enforceable, at least not in some places.
Suppose you were a group of multi-billionaires and you didn't really mind losing a whole lot of money for a few years in order to acquire the cash cow that is pro basketball. You overpay the rookies and anyone who wants to leave the NBA to make more money - and who doesn't want to make more money? The average NBA career is what, 7 years? Eventually, even those that weren't willing to switch retire, and if you've successfully lured away the young talent with $$$ in the meantime, you've won the war.
barfo
