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An attempt to void the contract would entail a long, adversarial, further-distracting fight before an arbitrator… which the team would likely lose, anyway.
Arbitrators have hardly backed away from challenging the NBA and its teams, even in cases as outrageous as Latrell Sprewell’s physical assault on Coach PJ Carlesimo.
After the Warriors voided Spree’s contract, arbitrator John Feerick, the dean of the Fordham Law School, not only reinstated the contract but shortened Stern’s year-long suspension to the balance of that 1997-98 season.
Nor do the few precedents from similar cases look helpful.
In the fall of 2006, Stephen Jackson, then in Indiana, pleaded guilty to felony recklessness for firing his gun in the air to break up a fight outside a strip club… which also violated his probation for his part in the 2004 Auburn Hills Riot.

See the full article from “Hoops Hype (blog)”