The summit of the NBA stars won't happen. Whether the decision to forgo the free-agent gathering came in an edict from commissioner David Stern or was a simple rethinking of a bad idea, it doesn't matter.
They need to worry about that first.
The NBA is in financial trouble, a point Stern has been stressing since the U.S. economy took a turn south. In the past year, the NBA lost a reported $400 million, hardly pocket change. Even a championship-caliber team like the Cavaliers saw its balance sheet land in the red. The Cavs sold out all their games at The Q, and the team had King James . Yet all of that didn't translate into a fat return investment for owner Dan Gilbert.
Now, what happens to Gilbert's franchise if LeBron signs somewhere else? How attractive will the NBA product be overall if two or three free-agent stars cast their lot with a mega-market team like the Knicks or the Nets or the Bulls? What might their deck-stacking do for franchises like Memphis, Golden State, New Orleans, Cleveland, Atlanta, Milwaukee, and Minnesota?
Again, what does their ham-handed attempt to alter the balance of power in favor of building one super-franchise do for those lesser markets?
Here's the answer: nothing good.