So let's assume that the team is on the road for 41 games a year and that the average is 1.5 days per game. So you are talking 62 days worth of per diem -- $6,572. I really doubt the report that Kyle Korver lived off his per diem. Even assuming that it comes as completely tax free, you are looking at roughly living off $10,000 worth of gross income ($5/hour).
The better tactic would seem to be the one employed by Antonio Davis -- use the money for tips to show support staff what a great guy you are (it costs you NOTHING out of your salary, and you look really magnanimous).
I am astounded that there is no mention in the story about strippers. $106 on a 7 game road swing over 10 days is $1,060. Probably no reason to wonder why guys are go tired on that last road tilt.