@Ragman,
Here's what I was previously referring. This is the Fed's reason why there's all kinds of Federal concern and interest in pursuing MLB in a court of law. This relates to Sherman Anti-trust laws. This exclusion from this law protects the ONLY the MLB which has this grandfathered exclsuion that releases and excludes them:
"Baseball's exemption from antitrust laws--which prohibit actions that unreasonably restrain competition--stems from a 1922 Supreme Court decision in which the Court ruled that antitrust law did not apply to baseball. The rationale was that baseball games were local affairs, not interstate commerce. The Supreme Court upheld the antitrust exemption twice, first in 1953 and again in the famous 1972 case in which Curt Flood sued Bowie Kuhn in his attempt to have the reserve clause declared illegal and have himself declared a free agent.
After the 1975 Andy Messersmith arbitration ruling in which the reserve clause was deemed to cover one, and only one, season, Major League Baseball and the Players Association eventually agreed on a structure for free agency, but the antitrust exemption remained. The Supreme Court has made it clear that it would not overturn the exemption, insisting that only Congress could do so.
Baseball is the only major sport that has an exemption from antitrust law. Whenever Major League Baseball is involved in a major controversy, Congress starts talking about revoking the exemption. This talk reached a fever pitch during the 1994-95 players' strike, but nothing happened. After that labor war, MLB and the Players Association agreed to lobby Congress for a limited repeal of the exemption where labor matters are concerned."