The problem is that revenues aren't growing. The problem is a lot of clubs aren't making a profit.
So here's a modest proposal.
Expansion. To the Far East.
Right now there are 30 teams. Add two. Sell them, maybe to Shanghai and Beijing. Now you sell six existing clubs to entrepreneurs in Singapore, Melbourne, Sydney, Tokyo, Seoul and Osaka.
See, Michael Jordan gets out of Charlotte. The Sacramento Kings are no longer your problem. The Milwaukee Bucks become the Yuan. Every other small market team is shivering wondering if they'll be next, and three will be.
See what I mean? After the European monetary crisis ends you wash, rinse and repeat. Only it's easier there. You expand to 8 existing athletic groups, like Real Madrid, which already have EuroLeague teams. You're turning the rest of the EuroLeague into your minor league.
Maybe (and this is really delicious) you can start promotion-and-relegation, starting within Europe. Worst of that lot goes down, best of the rest comes up, big tournament at the end of their season to choose the winner.
And then you can import that model here to grow a competent minor league.
The problem with most labor-management discussions in this country is that we look at the pie as having one size. The pie never has one size. It is always either growing or getting smaller. Grow it.