Hacker News new | ask | show | jobs
by twoodfin 3609 days ago
Sure, but the salary cap (or lack thereof) isn't decreed from on high, it's the result of a nominally market-based negotiation between each players union and the corresponding league. If NFL players thought they could push the salary cap to $200M without killing the golden goose, they'd do it.
1 comments

I have a hard time calling the result of negotiations between the single cartel of teams and the single (probably less-skilled) cartel of players a market.