Actually, Rokdesh--that's 3K a month for the non-elite prospects. The 10K guys would be the one-and-dones--guys that would benefit more from a year at an elite college program and better competition and coaching they would get there. Can see this appealing to decent HS players who are really uninterested in college and want to make 3K a month to play basketball. No idea how you build loyalty to team year to year, since it is a whole new team every year
But Ball just has the basic idea--all the minor details have to be worked out, like ownership, venues, parking, security, marketing, pricing, salaries for the officials and league personnel, etc, etc.
TL