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It will happen but it won't be for the sake of the game or for the players well-being or for the enjoyment of the fans. It will be for money, nothing more.
It will cheapen the regular season and eventually (IMO) it will lead to the tournament carrying almost as much importance as the postseason. I wouldn't be surprised to see them eventually wipe out much of the regular season.
That's an interesting idea getting rid of part of the season.
Actually if the tournament shortened the season and made enough money to compensate, it would be a win-win.