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It's funny. Anyone following the NBA right now would tell you it's a league with just two teams :P

Right. And they'd also say the league is incredible uncompetitive.

The Harlem Globetrotters towed around a stooge team for a long time.

Right, and I don't think anyone would describe the Globetrotters vs. the Generals as competitive.

I'm not aware for basketball, but e.g. the Boat Race has only two teams, and is very much competitive.

Touche