"Institutional Arrangements and Sporting Leagues"

I. Introduction This paper examines the role played by the governing bodies of various sports codes in regulating the institutional arrangements of their respective sports. Institutional arrangements in sport include salary caps, player drafts, geographic resident requirements and restrictions on the number of foreign nationals allowed to play. These measures are carried out to preserve the 'competitive balance' of the competition and to safeguard opportunities for local players. An exciting and closely contested competition is …

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