Tawnos
A guy with a bass
It's very different I would argue.
In the past you were hoping for/projecting for great revenue with no gauruntee.
This is a bizarre situation where because of a freak occurence (COVID, global pandemic, first in 100+ years) you have a cap that had to be restricted and money had to be paid back, but at the same time revenue and inflation has increased massively.
Not "maybe", 6.43 billion is cleary as day 32% higher than pre COVID.
That changes the dynamic entirely, if you're an agent and you're not telling your client that they have to be extremely careful about signing a long term deal now because the cap could very well be 20-25% higher in 2 years, you're not doing your job.
You have to price in a player's long term extension at this point against the basis of a 105-110 million cap, not 88 million with wishful dreams of maybe increasing to 110 in 5 years. The revenue is already there to support 100+ million, today, now.
I get all that, but here the thing: If the revenue were already there to support 100+ million, then the players wouldn't have had to give the owners 3% of their salary this past season. Despite the amount revenue growth has outstripped the cap increases, players are still receiving more than 50% of HRR across the whole season.
Under a standard calculation, you're right the revenue is there for that. In practice, things are in a really good spot at the moment. Very close to a legitimate 50/50 split.