We can skip all of the formalities of going team by team and playe by player I'll just give you one scenario that occured and you now explain to me how the smaller market was not screwed by not being the big glamorous market.
In 1996 Shaquille O'Neal left as a free agent from the Orlando Magic to join the Los Angeles Lakers. In the 1994-95 season the Magic played the Houston Rockets in the NBA finals. They lost to the defending champs who were more experianced. The following year they made the E.C. finals only to run into the return of Michael Jordan, which no one was going to stop. Orlando's management did everything that I can think of to put a top contender around Shaq. They brought in veterans (Grant & Shaw) to go along with a decent solid cast of Anderson, Royal & Scott on top of having another young dynamic player in Hardaway.
Orlando offered max money to get Shaq to return.
He chose to go to the Los Angeles Lakers so he could be a part of the movie & music scene. Remember at the time the Lakers were not the leagues power house at the time of him going there. L.A. did not pay one dime more than Orlando could have & in fact because he was their player the Magic could have paid him more. But by his own words he made it clear that he chose L.A. for the offerings of the market, not the team.
Please explain how anything that Orlando did or did not do in this case was bad management on their part & that the bigger market did not have an advantage that could have been over come.
I believe every team in the NBA would have opened up their wallets & dumped any player (not named Jordan) to get Shaq to play for them but he only wanted the lights of Hollywood. Thus the case of one market having the supreme advantage over every other team in the NBA due to location.