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Management and ownership has some to do with it, but i think talent is the bigger issue. It seems like there are just too many average players, I think they should cut the number of teams so that it's tougher to make it to the NBA, filter out all these nobodies. Then the overall talent would be better, teams would be filled with good/great players, equaling to better competition.
Or would the NBA lose too much money if they cut teams?
Or would the NBA lose too much money if they cut teams?