I am sure we have all calmed down from the frothy excitement of this year’s NFL draft. Wasn’t it just thrilling when Commissioner Goodell announced each pick as if it were a “pick six” — an interception for a touchdown? The draft is a deadly dull exercise in economics. Any association of businesses that would allocate personnel as the NFL did last week would be committing a violation of the federal antitrust law — a restraint of trade. The hero of this event is the NFL Players Association. By agreeing to the draft in its collective bargaining agreement with the NFL, the NFLPA bestows an “exemption” on the League, protecting it from antitrust exposure. Of course, few were really concerned about the legal ramifications of the draft. They were much more interested in whether their club would select another Tom Brady in the sixth round who would lead their franchise to three Super Bowls.
The NFL draft ushered in a new era in professional sport when the St. Louis Rams drafted Michael Sam, a brilliant linebacker from the University of Missouri.