It's true but I'm sure the league doesn't like it when a whole market is going to the toilet because a team took too much risk and is now unable to compete financially.
But then again, I'm against bailouts so they should suck it and serve as an example for what not to do so teams don't hand out large contracts like that.
Imagine if something similar happens to some of the contracts the Nationals handed out, they are screwed for the next 20 years.