Just think about that: a team is demoted, wins the lottery and picks a nice player - BOOM sold for 2,6 million.
How many times have you seen someone who does not invest in the draft, score a $2.6m player? Cmon seriously, in the ABBL, i dont think this has ever happened. maybe once.
However like you say, I think you have more problems with the economic disparity of a new draftee.
I agree that a HoF 18 year old should not sell for millions. But i dont think this is a problem with the draft.
I like your idea about a youth academy and i remember having good discussions about a D-league similar to your idea a few seasons back.
But the problem of having $2.6m sales of 18 year old draftee's would still happen? Wouldnt it not?