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Money not so well spent

Updated: July 27, 2004, 10:30 AM ET
By Frank Hughes | Special to ESPN.com

When it's all said and done, NBA owners will have shelled out close to $1 billion this summer.

Let me repeat that, just so I'm sure I'm not experimenting in the desert with some peyote: When it's all said and done, NBA owners will have shelled out close to $1 billion this summer.

No, no, no, we're not talking about spending money on glamorous new arenas. We're talking about cash on players' salaries.

In a league that is adding a 30th team, further diluting a talent pool, and ...

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