So this is all an issue about money. Not competitive balance and superteams b.s. (well at least its not the main issue) This is a money issue so teams can cut back their cost.
I still get a sense that players contracts would have to be reduced. Kobe will make 30 million dollars in the last year of his contract. He would have to opt out. He cant extend. He will make 27mil the year b4. Half of the teams salary for one person. It does depend on what the second level hard cap is. But teams would have to cut guys. And teams with multiple stars cant make that Kobe money while being on the same team. Even with just 2 stars. Salaries will have to role back is they want to keep things the same as close as possible. In 2015, the Miami big 3 will make 65mil and they already sacrificed money.
I think the hard cap issue is the sticking point. Far from over as far as Im concerned.