True. I knew there would be quibbles when I posted that, but I liked it, so...
However, a hard cap would be the first natural step toward a so-called parity movement in the NBA. And that ain't gonna happen under Stern (or any commissioner, really) because the big markets make the big bucks in the big leagues.
This is where we'll disagree. Parity means that the small market teams aren't a disadvantage as long as they are run properly. For as good as Peyton Manning is, the Colts aren't a contender unless the front office puts good pieces around him. There's a reason Bill Polian is a 6x Exec of the year, and none of them came the year he drafted Peyton Manning.
Just like any other sport, you've got to have key pieces in place, but well run teams can win in the NFL, regardless of where they're coming from. That's why the Saints were able to win the Super Bowl, and the Cardinals were a play away a year ago, despite both franchises being veritable laughingstocks for decades. The Lions and Niners haven't won because they've been poorly run, not because of a lack of parity. Even with a hard cap, the teams that contend are well run. Not all of them have franchise quarterbacks; some of them luck into them via free agency (Saints, Cards); some trade for them (Giants); most draft them, and the majority of starting quarterbacks weren't drafted in the first round. There's been too many #1 drafted quarterbacks that bust to remember (Russell, Harrington, Carr, to name a few).
The only reason New England, Pittsburgh and Indianapolis are heavy Super Bowl favorites while Detroit, San Francisco, Cleveland and Oakland aren't is because the former teams are well run, while the latter teams aren't. But the hard cap acts as a restraint and causes a dilution of talent from team to team. Easier to sustain when you have a star quarterback, but not impossible just because you don't.