I agree. I took the the question asked as being in relation to the NHL/labour issues and not just does such a league exist
Yeah, IMO soccer/football simply isn't comparable because there's no single league with 99% of the world's best players with the worst of these teams still being paid 400-500 percent more than they could make anywhere else
And "the Bundesliga way does result in that" IMO as the vast majority of players in the league are making massively less than the few - the equivalent would be about 20 of the NHL teams having a salary total of less than 20 million!
In terms of salaries, if the NHL was like the top soccer/football leagues, a few teams would be NHL teams and the rest would be AHL/ECHL level (and the European/Russian Elite leagues would pay market value for top players and each league would have some teams that pay out as much for their team's players as the top NHL teams do, and players wouldn't sign if they're paid under market value).
The NHL has no competition, it's like all of the best players the EPL and Bundesliga and La Liga and more all in one league - that's the NHL. I suspect if that was the case with soccer/football, the vast majority (all?) of ownerless elite league teams would quickly have to get owners, raise ticket prices, etc (or cease to exist as an elite league team)
Seems that the best elite soccer/football leagues are filled with teams that don't really belong in an elite league (the majority pay massively less, and as you noted top players aren't signing on bottom feeders and expect to be paid top dollar, and the same teams win almost all the time...so this means the majority of teams don't actually have elite talent, don't really have a chance of winning - hockey's simply nothing like this)