I. Introduction This paper examines the role played by the governing bodies of various sports codes in regulating the institutional arrangements of their respective sports. Institutional arrangements in sport include salary caps, player drafts, geographic resident requirements and restrictions on the number of foreign nationals allowed to play. These measures are carried out to preserve the 'competitive balance' of the competition and to safeguard opportunities for local players. An exciting and closely contested competition is …
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…Journal of Political Economy, 64(3), 242-258. Sanderson, A. Siegfreid, J. (2003) Thinking about competitive balance, Journal of Sports Economics, 4 (4), 255-279 Sauer, R. (2004) Competitive Balance, Unions, & Salary Caps - Salary Caps and Allocation of Talent. Clemson University Soccer Australia (2003) Report of the Independent Soccer Review into the Structure, Governance and Management of Soccer in Australia (Canberra: Australian Sports Commission). Witting, M. (2003) The Real World - Part 3, Washington Hockey. available on the internet at www.washingtonhockey.com