Guys ... isn't the goal here to set the salaries to equitably value players against each other? Whether they're too high or too low is really a moot point, and can be dealt with by either raising/lowering the cap appropriately, or by multiplying all salaries by some factor to get them into the right range for cap purposes.
What we should be looking at is how the various statistical categories make a player more or less valuable to a team than his peers. So if we believe rebounding is undervalued, then Russell, Moses, Unseld, etc. should be bumped a bit. Sounds like everyone believes this new formula is working better for the 3 point chuckers, so that's a step in the right direction.
A few questions I would ask ... why does it make sense for 67-68 Wilt's salary to drop by 37%, but 05-06 Kobe's only drops 7%? Was Wilt that much more overvalued in the old SIM? Why?
My first assumption was that it has everything to do with rebounding being undervalued, relative to the old formula, but then I look at 52-53 Neil Johnston, who averaged 14.1 boards, and his salary has INCREASED by nearly 20%. Whoa.
And how did 51-52 Paul Arizin suddenly become the equal of 97-98 Tim Duncan, who shot a full 10% better from the field? Yeah, he played a few more minutes and scored a few more points, but I'll take that FG shooting percentage any day. Someone will have to remind me what that "True Shooting Percentage" column at the end means, because that doesn't seem to compute. Must have to do with the big fundamental's poor foul shooting, I guess.
I'll be back with more later, but that's at least a start at pointing out some things to consider.