One more vote against NBA decision to kill Chris Paul deal

This one from y Matthew Yglesias:

The owners don't seem to realize that the more they act as a cartel to squeeze players' monetary compensation the stronger the hand of teams in the desirable locations becomes because non-salary compensation (including both endorsements and non-monetary benefits of playing with your friends or winning championships) starts looming larger in the equation. The owners also seem to be in denial about the reality that the marginal value of a win is higher in teams with large (and/or rich) fanbases, so a flat distribution of talent is economically inefficient. Trying to redistribute talent, rather than profits, ends up reducing profits.

The league, and NBA Commissioner David Stern in particular, are getting reamed today for the decision to nix the blockbuster trade that would have sent Chris Paul to the Lakers.