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Las Vegas Pro League = viable alternative?

this story came out and it got me to thinking, what if the NBA players formed a co-op league - where the players are the owners. There is a long and illustrious history of worker cooperatives, but could it work? Could it replace the NBA? The article concludes by saying that the Vegas league would not be able to replace nightly NBA hoops, but I kinda disagree. Since it doesn't look like the owners are going to budge much, it makes me wonder exactly how much pain the players are really willing to endure... If you were Odom, and the owners proposal dropped your salary by 70% (from $8.9 million to $2.6 million next season, according to the article), I would think that you might honestly hesitate - I mean, how many games in an alternative league (I would assume the venues would be smaller) would it take for Odom to exceed earning of $2.6 million?

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