Jump to ContentJump to Main Navigation
The Big Leagues Go to WashingtonCongress and Sports Antitrust, 1951-1989$
Users without a subscription are not able to see the full content.

David George Surdam

Print publication date: 2015

Print ISBN-13: 9780252039140

Published to Illinois Scholarship Online: April 2017

DOI: 10.5406/illinois/9780252039140.001.0001

Show Summary Details
Page of

PRINTED FROM ILLINOIS SCHOLARSHIP ONLINE (www.illinois.universitypressscholarship.com). (c) Copyright Illinois University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in ISO for personal use.date: 28 June 2022

Economics of Antitrust

Economics of Antitrust

(p.23) 2 Economics of Antitrust
The Big Leagues Go to Washington

David George Surdam

University of Illinois Press

This chapter examines the economics of antitrust, with particular emphasis on how antitrust law affects professional team sports. In the late 1800s, Americans worried about the growing concentration of power in the hands of a few producers such as Standard Oil, American Tobacco, and other large firms that consolidated their holds over industries by merging and acquiring other companies. Other industrial leaders sought to fix prices above those obtained under competition. The Sherman Antitrust Act, enacted in 1890, contains provisions addressing “contract,” “conspiracy,” and “trade and commerce.” This chapter first considers how courts applied the Sherman Act to cases involving professional team sports before discussing the characteristics of professional sports leagues, how owners of professional sports teams reported profits and losses, the issue of player salaries and exploitation, and competitive balance and revenue sharing in professional leagues. It also describes franchise relocation and expansion and how television created demand in sports.

Keywords:   economics, antitrust law, Sherman Antitrust Act, professional sports leagues, profits, player salaries, competitive balance, revenue sharing, franchise relocation, television

Illinois Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.