One of the biggest sticking points in the current labor negotiations is the issue of a hard salary cap. Owners want, players don’t.
(If you’re asking, “Wait, what’s a hard cap?” basically it’s a system where there’s no give over whatever max salary number the league sets. Currently, the league has a “soft” cap meaning teams can go over in certain situations. A hard cap doesn’t allow that.)
Most see a hard cap as a help to small markets. And for the most part, I agree. The playing field financially is leveled as big markets can’t pile up $20 or even $30 million over the cap (hello Mavericks) while smaller markets fear the wrath of the luxury tax.
A hard cap would help out in most ways because New York, Dallas, Chicago and Los Angeles wouldn’t be able to flex their checkbooks and absorb bad contracts at quite the rate they do now. No denying that.