Baseball, as I'm sure all of you are well aware, has had an antitrust exemption dating fron a 1922 federal court decision handed down by the noted American jurist Oliver Wendell Holmes. Today this exemption from federal anti-trust laws is still intact, although events of the past forty years like the end of the reserve clause and the advent of free agency have gutted it somewhat.
So is the antitrust exemption good for baseball, or should it be discontinued? If it were, baseball would be subject to federal anti-trust laws for one thing. Has anyone any suggestions for what else would happen in the event of the demise of its antitrust exemption?