It turns out that handing over taxpayer dollars to billionaire owners tends to be far less popular among regular citizens than among well-connected government officials.
Led by a Black businessman named Bob Douglas, the New York Rens, who played their first game on Nov. 3, 1923, became one of the best basketball teams in the country.
A sports economist explains how the deal leaves players with a fundamentally different – and in many ways, worse – arrangement than their counterparts in the other major US sports leagues.