I know it's simplistic as is much of the debate. I don't think Russell is the best of all time - I just think it's short sighted to eliminate himAdditional context - Spurs and Celtics fan who still has the license plate shown in my icon...
I'll go a little deeper. If you follow this logic, you'll have almost no top 10 team stars from the 60s or earlier in the "big 3" US sports. You play the schedule you're given in the era you live(d). All of the game have changed dramatically.
That said, you look at the Sixers. Wilt (enuf said), Billy Cunningham (HoF, 50th Anniversary - 50 Greatest Players in NBA history), Hal Greer (HoF, 50th Anniversary - 50 Greatest Players in NBA history), Chet Walker (7x All Star, HoF), ...
Let's also look at the Celtics. Why are Don Nelson (No honors) and KC Jones (No honors) HoF other than being swept up in the Celtic green glow?
Russell was the glue that facilitated the team's success in an era where Michael Jordan, if he had played at that time, would have spent most of them on the floor with the physicality of the play.
Listen to Russell and Wilt starting at the 2:25 mark of this video on who's the greatest.