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Baseball Milestones 1882 American Association Begins 1891 Merger between National and American Associations 1901 American League begins 1903 Merger 1913 Federal League starts 1915 Federal League owners bought out by Major League Baseball 1922 Antitrust suit brought by Federal League owners
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Baseball Milestones • 1882 American Association Begins • 1891 Merger between National and American Associations • 1901 American League begins • 1903 Merger • 1913 Federal League starts • 1915 Federal League owners bought out by Major League Baseball • 1922 Antitrust suit brought by Federal League owners • Supreme Court rules: “Baseball is not a business” and exempt from Sherman Anti-trust • Free agency begins • Kahn, Lawrence M. “The Sports Business as a Labor Market Laboratory.” Journal of Economic Perspectives 14 (Summer 2000): 75-94.
Kahn, Lawrence M. “The Sports Business as a Labor Market Laboratory.” Journal of Economic Perspectives 14 (Summer 2000): 75-94.
Fed AL Merge ABA Kahn, Lawrence M. “The Sports Business as a Labor Market Laboratory.” Journal of Economic Perspectives 14 (Summer 2000): 75-94.
Other Sports Milestones 1967-1976 American Basketball Association 1971-1979 World Hockey Association 1982-1985 United States Football League Kahn, Lawrence M. “The Sports Business as a Labor Market Laboratory.” Journal of Economic Perspectives 14 (Summer 2000): 75-94.
In 1967, highest average salaries in the NFL ABA WHL Free Agency
120% 4% per yr ABA 615% WHL: 284% Free Agency USFL NFL wage increases 1977-82 4% per yr 1982-85 20% per yr 1986- 5% per yr Kahn, Lawrence M. “The Sports Business as a Labor Market Laboratory.” Journal of Economic Perspectives 14 (Summer 2000): 75-94.