In the NBA, being in a large financial market (Los Angeles, New york, Chicago, Miami) makes the team acquire multiple all stars because these teams are more than likely turn a profit compared to 'small market teams' , it doesn't really make a difference if the owners such as Jerry Buss-$600M (Lakers) James Dolan-$494 million (Knicks) aren't as wealthy as the others because their teams have billion-dollar television deals.
As oppose to billionaire owners -Mark Cuban-$2.3B (Dallas), Paul Allen-$14B (Portland) who owns smaller market teams, and are less likely to spend over the cap and pay the luxury tax.
Heck! PBA should adapt the luxury tax policy from the NBA.
Then rich teams would just go over the cap and pay the tax-- see: Knicks.
Point is, any rules and regulations would not assure the league that it will rid itself of bad management.
IF THERE IS NO BASKETBALL IN HEAVEN, I AM NOT GOING.