WASHINGTON (July 14, 2021) — On the latest edition of Two Think Minimum, TPI’s Scott Wallsten and Sarah Oh were joined by Roger Noll, Professor Emeritus of Economics at Stanford University and Senior Fellow at the Stanford Institute for Economic Policy Research. They discussed the Supreme Court’s recent antitrust ruling against the NCAA and its potential benefits to student-athletes. While Noll believes allowing athletes to profit from their name and likeness is a positive step, he feels they will continue to be exploited until they are offered a competitive market wage. Still, Noll, argues, the ruling indicates that athletic governing bodies will no longer be afforded the judicial or popular deference they’ve received in the past.
He said, “These entities …historically have not been subject to the same kinds of rules. And hence, there is really nothing out there other than very long time duration, litigation processes, and legal processes to fix them. But that’s where we’re going right now because you’re absolutely right. This power is corrupting and it has gone unchecked for several decades now, and it is only now finally beginning to be attacked.”