That presumes that every team takes in the same amount of money, though, which isn't true. You can't choose to spend $100 million if you don't have $100 million. A team in, say, Edmonton is put at a disadvantage right off the bat because their owner doesn't own a cable network and can't command huge local rights fees. Now, if you want to say that teams that can't hack it should just be folded, well, that diminishes the entire league, both due to loss of revenue (from the owners' perspective) and loss of jobs (from the players' perspective).