The key thing is less about the dollar value, and more that players and coaches can demand a proportional amount of the NBA's total revenue. And that has been growing dramatically every year
A lot of people who became fans of the NBA when they were kids have this narrative that the NBA has declined from the high water marks of their youth. But, excluding the dead-ball era of the late 90s, the NBA has been terrifically successful as a business growing revenue. The last TV deal the NBA negotiated was before the Warriors dynasty era. The new one is reported to be in the realm of $75 billion over 11 years, (roughly triple the annual revenue of the previous deal)
Everybody in the association is going to have a lot more in their pockets soon