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NFL Free Agency and the Market Process

Thursday, March 9, 2017 21:10
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(From Mises)

Today is the official start of NFL free agency, when teams begin filling their rosters with new players for the upcoming season. This, along with the NFL draft, is one of the biggest days for pro football’s “business season” which is followed as closely by most NFL fans as the games themselves. This time of the year, however, is not only a great subject for discussion at your favorite sports bar, it is a great illustration of economics in action.

For example, free agency is a perfect example of how prices are formed on the market.

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