The NBA finally settled in 1976, two years after Robertson retired, eliminating the option clause and creating free agency
A 1985 article by David Besanko and Daniel Simon addressed the effect of free agency
on competitive balance using National League data from 1970-1983 (seven years of pre-free agency
[1970-1976] and seven years of post-free agency
The era of free agency
in MLB began with the Collective Bargaining Agreement of 1976, in which the limits of the "reserve clause," which had previously bound players to teams for perpetuity, were reduced to six years of MLB service.
Another fear is that franchise hopscotch will prompt owners who stay put to seek comparable deals, playing cities like slot machines and launching an economic cost spiral similar to that faced by the owners amid free agency
in the '70s and '80s.
The NHL had previously been the only major professional sport that did not have any form of unrestricted free agency
The last year of the deal is a team option, which means Stephenson will again hit free agency
if the team decides not to pick him up on that final year.
Sherrill, George F LHR 10/30/2011 Elect Free Agency
under Article XXB
Drew's decision to explore free agency
left the Dodgers with a 20- homer, 100-RBI hole in their lineup, one that isn't likely to be filled through free agency
given what's left on the market.
As an "unschooling" mom, I found quite useful his analogy of unschooling to free agency
COACH: With the corporate structure being what it is with free agency
and expansion creating uncertainty, will it be possible anymore to build great dynasties like the old Cleveland Browns, the Pittsburgh Steelers and the Dallas Cowboys?
In 1976 this system was replaced by the institution of free agency
whereby a player with at least six years of Major League experience acquired the right to sell his services to prospective buyers.
A number of economists have previously addressed the issue of competitive balance in major league baseball, in particular, the effects of the reserve clause and free agency
on competitive balance.
Major stumbling blocks to settlement were proposals dealing with free agency
(the unrestricted movement of players from one team to another without a penalty to their new team), the length of the contract, a league salary cap, a rookie salary cap, and the number of rounds in the annual college draft.
Thanks to LeBron James finally making and announcing his decision, the free agency
dominos are starting to fall.
The following are all 218 American League transactions from the beginning of free agency
to today (a separate post for the National League to follow)