Basically, what the bylaw, which went into effect for the 2012-13 school year, does is extends rules governing sports-related transfers during high school way, way back to the latter stage of elementary school.

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Although it is unlikely that such political activity could have a significant effect on the average fan, in these sensitive economic times, these are considerations that sports industry leaders must take into account before making such contributions.

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The teams believe a 2006 "Memorandum of Cooperation" among themselves, Triple Five and the New Jersey Sports and Exhibition Authority gives the teams the right to block changes to the project that would have an adverse effect on their business, people familiar with the teams' position said.

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For starters, professional sports leagues would have to be convinced that a team owner using the exchange in that manner wasn't in effect betting against his own team.

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