Expansion of Sports Broadcasting Act of 1961 to college sports

(a) In general Section 1 of the Sports Broadcasting Act of 1961 (15 U.S.C. 1291) is amended— (1) by striking That the and inserting the following: 1. Exemption of certain agreements from antitrust laws (a) Professional sports The; and (2) by adding at the end the following: (b) College sports (1) In general The antitrust laws, as defined in subsection (a), shall not apply to any joint agreement by or among persons engaging in or conducting organized college athletic competitions, through which an association described in paragraph (2) of institutions participating in any such competition— (A) sells or otherwise transfers all or any part of the rights of those institutions in the sponsored telecasting of those competitions; and (B) distributes revenues from the sale of those rights, which distribution, in the case of an association described in paragraph (2)(A), is determined in accordance with section 5. (2) Eligible association An association described in this paragraph is— (A) an association that includes, at a minimum, as of the date on which the joint agreement described in paragraph (1) is entered into— (i) each institution that competes in the Football Bowl Subdivision, if the number of such institutions is more than 136; (ii) the 136 highest earning institutions by athletics revenue, if the number of institutions that compete in the Football Bowl Subdivision is less than 136; or (iii) either each institution that competes in the Football Bowl Subdivision or the 136 highest earning institutions by athletics revenue, if the number of institutions that compete in the Football Bowl Subdivision is 136; or (B) an association that does not include any institution described in subparagraph (A).. (b) Technical and conforming amendments The Sports Broadcasting Act of 1961 is amended— (1) in section 2 (15 U.S.C. 1292)— (A) by striking Section 1 and inserting Section 1(a); and (B) by striking in section 1 and inserting in section 1(a); (2) in section 3 (15 U.S.C. 1293), by striking section 1 each place it appears and inserting section 1(a); and (3) in section 4 (15 U.S.C. 1294), by striking section 1 and inserting section 1(a).