NEW YORK (Legal Newsline) — The
National Football League (NFL) has agreed to resolve antitrust concerns about its
league-wide mandatory price floor policy, New York Attorney General Eric T.
Schneiderman announced Nov. 15.
policy mandated that each of the league’s 32 teams must impose a
price floor for secondary market ticket sales on the NFL’s
Ticket Exchange. Under the arrangement, sellers could not list a ticket at
anything less than face value. The NFL terminated the arrangement after
Schneiderman’s office began looking into the
“No sports fan should be forced to
buy, or sell, a ticket at an artificially inflated price,” Schneiderman said.
“Under the NFL’s price floor scheme, fans were forced to pay inflated prices
for even the least desirable NFL games. That is a slap to both sports fans and
free markets. My office will continue to fight for the rights of sports fans
and concertgoers by ensuring that secondary markets are free and competitive.
In the meantime, I encourage every NFL team—and every team in professional
sports—to heed the call of all sports fans and remove price floors from every
team-authorized secondary ticket market.”
The NFL paid a $100,000 penalty,
which will go toward the costs of the multistate case.