Nick Martell

But yetis, first, let's talk about the headlines we saw this weekend.

The NFL is being investigated for acting like a monopoly.

Sorry, Jack, flag on the play, isn't that a false premise?

Yes, because the NFL is a monopoly.

Yeah, by law.

It has to be.

Congress made the NFL monopoly a legal one in 1961, a rare legal monopoly.

In 1961, Congress passed the Sports Broadcasting Act.

It's basically a get out of antitrust jail free card.

Congress said that the NFL could legally operate as a monopoly, specifically with its TV deals.

Because the NFL is 32 for-profit corporations, each owned by a billionaire.

You know them yetis as teams.

NFL teams.

And for hiring talent, building stadiums, selling hot dogs, these teams, these for-profit corporations, they have to compete against each other.

Except for TV deals.

In those situations, they don't compete.

They actually collude.

The NFL teams negotiate TV deals as one giant block.

And what that is, is a giant antitrust exemption.

That would be illegal in any other industry.