The WHA did a good enough job killing itself, I have been doing a lot or research on that league and let me tell you it makes the NHL look like the most well run league in sports.
I am going by the past mainly the Suns have never had a long losing stretch and they tend to be able to get some talent and with a few years after every bad year they get back to being contenders.
We can have a East Canadian Division Mon, Que, Ott, Tor A Turnpike Division NJ, NYI, NYR, Phi Northeast Bos, Buf, Pit, CBJ NASCAR Car, Fla, TB, Was Cental Chi, Det, Stl, Min West Canada Cgy, Wpg, Van, Edm Country Western Col, Dal, Nsh, Phx Pacific LA, Sea, SJ, Ana