One question - are we sure a league club finances are as bad as clubs say?
Whenever I try and make sense of A league expenses and their claimed deficits I can't make the math work unless some of what is reported as deficits is actually asset purchasing (perhaps buying fields for training/academies etc).
Claiming asset purchasing as a source of deficit is a nice trick to get tax deductions but also gives clubs negotiating leverage over players to suppress wages. But asset purchases aren't true liabilities, and certainly not a source of unsustainable liabilities since they tend to appreciate in price
That's not to say all is rosy with the distribution at 500k per club....but I do suspect things might be less bad than they look