{"id":23501,"date":"2014-10-30T14:56:11","date_gmt":"2014-10-30T19:56:11","guid":{"rendered":"http:\/\/law.marquette.edu\/facultyblog\/?p=23501"},"modified":"2014-10-30T14:56:11","modified_gmt":"2014-10-30T19:56:11","slug":"what-is-the-nba","status":"publish","type":"post","link":"https:\/\/law.marquette.edu\/facultyblog\/2014\/10\/what-is-the-nba\/","title":{"rendered":"What Is the NBA?"},"content":{"rendered":"

\"basketball\"Professor Nadelle Grossman<\/a> has another<\/a> forthcoming publication, “What Is the NBA?”, written for the faculty symposium issue of the Marquette Sports Law Review<\/em>.\u00a0 The abstract is below, and you can access the full article at SSRN<\/a>:<\/p>\n

The NBA\u2019s organizational structure is curious.\u00a0 While courts at times refer to the NBA as a joint venture and at other times as a single entity, their analyses are conducted not for state organization law purposes but to assess the NBA\u2019s compliance with federal antitrust law.\u00a0 Commentators, too, consistently address the NBA\u2019s organizational structure only under antitrust law and not state organization law. As I argue, given the different purposes of these two legal regimes — antitrust law to protect consumers through preserving competition, and state organization law to ensure managers are faithful to the business purpose and to create a default structure among owners and managers — conclusions about the NBA\u2019s organizational structure for purposes of compliance with antitrust law does not control the analysis of the NBA\u2019s structure for purposes of state organization law.<\/p>\n

To fill the gap in case law and commentary, this article analyzes the NBA\u2019s organizational form under state organization law.\u00a0 This analysis is important because the NBA\u2019s organizational form impacts the rights and duties of the member team-owners of the NBA.\u00a0 If, for example, the NBA is a joint venture partnership under state organization law — that is, an association of team owners who have come together to pursue a limited scope business for profit — then by default, its members would owe fiduciary duties to the other members and any member could seek judicial expulsion of a recalcitrant member.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Professor Nadelle Grossman has another forthcoming publication, “What Is the NBA?”, written for the faculty symposium issue of the Marquette Sports Law Review.\u00a0 The abstract is below, and you can access the full article at SSRN: The NBA\u2019s organizational structure is curious.\u00a0 While courts at times refer to the NBA as a joint venture and 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