Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).

date: 11 December 2017

Abstract and Keywords

This chapter explores sports institutions, particularly players' unions, leagues, and the role of government. Topics covered include origins of the reserve clause, union opposition, antitrust law, breakthrough on free agency, labor-market theories, and impact of free agency. The reserve clause gave clubs a continuing option on player services, and the main arguments for and against it are given. The union's constitution sought to limit but not abolish the reserve clause. A reasonable semblance of competitive balance is necessary for a league to be successful. Rottenberg's theory holds that, under the reserve clause, trades and sale of players ensure that a player will wind up on the team for which he generates the highest marginal revenue product. The topic of the reserve clause and labor mobility is concerned with the operation of the labor market.

Keywords: reserve clause, labor mobility, union opposition, antitrust law, free agency, labor-market theories, Rottenberg's theory, sports institutions

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.