A bunch of unrelated quick thoughts:
Hey, where did this contraction talk come from?
How do you convince rich ego guys to give up on their 350 Million dollar investment? NBA can't afford to buy out multiple owners. However, I could see a scenario where 8-12 smaller market teams are 'invited' to form up with 4 -6 new franchises to play in an ABA type league. A step up from the D-league, a step down from NBA, with agreements on how ABA teams get profit sharing from the NBA, how the NBA can snipe the best players, and some friendly matches between the two leagues.
Isn't the NBA paying somebody in St. Louis a Million dollars a year for as long as there is no team in the St. Louis area, or something like that? Part of the NBA?ABA merger deal.