What does it tell? [...] It's a joke. Do you think that the NFL, MLB, NHL or NBA would agree to letting him play for a team because he's a "draw" and he doesn't have time to play in the minors? It's a joke, and its embarassing.
I forgot to directly answer your question: I believe it reveals an insecurity in people.
Some of what you've written pretty much details it - people lack faith in their sport, so they think something like this will threaten it or make it look bad.
The points you raise are valid of course.