The Department of Justice is currently investigating the BCS, the OPEC of big money sports, and NCAA President Mark Emmert and BCS Director Bill Hancock are doing little more than playing the denial and ignorance game.
The Fiesta Bowl’s egregious offenses (and the slap-on-the-wrist ruling that followed) have called attention to corruption within the BCS. And now the Feds are investigating the cartel’s possible involvement in anti-trust behavior. This is very much about economics and markets, and less about football. So this article continues first and foremost in the vein of “the dismal science,” and not the gridiron.
You don’t need a MBA to understand this, but since I am one, I’m actually really excited about this story and hope to convey that ebullience over to you the reader in breaking this down.
A must read comes from this ESPN article by Andy Schwarz, who drafted the economic arguments in a letter recently sent to the U.S. Department of Justice requesting an antitrust investigation into college football’s Bowl Championship Series, which the DOJ cited in recent inquiries to the NCAA questioning the lack of a playoff system.
By Paul M. Banks
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