The real deal
Market analysis reveals sports' most overvalued and undervalued assets
Imagine if tech companies imposed a restrictive scale on their most brilliant coders (Mark Zuckerberg) coming out of college while also colluding to bar them from starting their own companies (Facebook). That's how leagues, drafts and collective bargaining agreements constrain pro rookies. Over the course of their first contracts, pros can't make anywhere near what they'd earn if they could sell their services to the highest bidder. What a bonanza for owners. Economists ...
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ESPN The Magazine: May 14, 2012