Its working in the NHL, NFL and MLB.
If no cap Miami could have stacked the deck even more. when it fails, it looks like Isiah's knicks a few years back.
SAS stayed great because of the Cap. They have players who stayed and made great money when younger but now have a desire to keep playing at a high level (Tim and Manu).
Cap a few years ago had role players being underpaid. Now you have them making good money again and the stars are the ones under pressure. Teams are realizing starphuching don't always work!!
Dilution? Game has changed over the years so its hard to say. But there are many Canadians, Aussies, south americans and euros who fill in the gap. The game is much larger globally. With as many players in China one is bound to make an impact in the NBA one day. With all the Euro teams and Junior teams you have much greater feeder system to the NBA. As a rule of thumb the top 1% will make it to the NBA. If you have more players and more Division 1 teams, Junior teams in Europe and Dozens of top Euro teams how can the talent be dilutive?? Maybe its getting Better?
What we don't hve anymore is dominant big men. Jabbar, Wilt, Ewing, Shaq, Walton, etc......Is it they are noW Durant? Lebron? Is it because the game is faster and bigs break their feet? Walton, Yao, Bropez, and Emiid?