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A league wide % negotiated by the players union could be interesting at some point. Could provide some stability to retired players, which has been a black spot on the league for years. Maybe use this to balance states with low taxes like FL and TX, the % owned by players in those states would be less. Otherwise, contract salaries will get out of control.
Say 10% of the team is owned by the players and ex-players based on an algorithm designed around how often you played and the impact you made for the franchise. As % get smaller for the players over the years, the value of the franchises increase balancing the scale some, until eventually the players union negotiates a bigger stake.
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