About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


1 (1972)

handle is hein.cbhear/cbhearings13569 and id is 1 raw text is: Calendar No. 1095 92D CONGRESS SENATE REPO{R 2d Session No. 92-1151 AUTHORIZING THE MERGER OF TWO OR MORE PRO- FESSIONAL BASKETBALL LEAGUES, AND FOR OTHER PURPOSES SEPTEMBER 18, 1972.-Ordered to be printed Filed under authority of the order of the Senate of September 15 (legislative day, September 12), 1972 Mr. ERVIN, from the Committee on the Judiciary, submitted the following REPORT [To accompany S. 2373] The Committee on the Judiciary, to which was referred the bill (S. 2373) to authorize the merger of two or more professional basketball leagues, and for other purposes, having considered the same, reports favorably thereon, with amendments, and recommends that the bill, as amended, do pass. AMENDMENTS Amendment No. 1: On page 1, line 3, strike section 1 and insert, the first section. SEc. 2. The first section of such Act of September 30, 1961, is further amended by- (1) inserting (a) before the antistust laws; and (2) adding at the end thereof the following new sub- section: (b) Any such joint agreement under which 2 professional basketball clubs engage in a professional basketball game shall provide that any part of the proceeds derived from the ticket sales and game receipts for that game which are to be received by, or for the benefit of, such clubs shall be divided between the clubs in such a manner that not less than 30 percent of such part of the proceeds are paid to, or for the benefit of, the club not playing such game in its home terri- tory. 83-01o