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Some other guys may have more ideas, but here's what I would concentrate on:
Media Contract Fixed? Yes, Same Contract for Every Team (longer alternative for same result - No, Based on Team Market Size, then edit every team's market size to be the same)
Revenue Sharing? Yes, Cash Over Maximum Will Be Shared
Cash Maximum - set a reasonable limit.
Team Market Size - as commissioner, go ahead and standardize them anyway, as it has an effect on attendance and merchandising revenue, IIRC.
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