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The best argument can be made that CFB (on the field) was a free market system entirely up until scholarship restrictions. It's certainly not in terms of resources -- it's an oligopoly in every sense.

It depends on how orange and green your school colors are, your proximity to being located in Coral Gables, and if your team name is a reference to a major, seasonal meteorological phenomena. In that case, the rules are extremely effective.

That would be something the IRS may be interested in, which is an entirely different story.

Capitalism shouldn't apply to sports from the standpoint of on-the-field competition.