A bill to amend chapter 32 of Title 15 U.S.C. and to provide other inducements against the movement of professional sports franchises.

[AI summary unavailable — showing source text] Title I: Adjustment of Broadcasting Revenues - Amends the Act of September 30, 1961 (Telecasting of Professional Sports) to condition the current exemption from the antitrust laws of joint agreements covering telecasting of sports contests on the equal sharing of all revenues earned under such agreements by the member clubs which are parties. Extends such exemption to all "broadcasting," including radio and cable television, instead of "telecasting" as currently provided. Title II: Professional Sports Team Mobility - Prohibits any person or league to change the assigned territory of any professional sports team by any territorial agreement unless: (1) any party to a stadium lease agreement materially fails to comply with the provisions of such lease; (2) the stadium in which such team plays is inadequate, and the stadium authorities demonstrate no intent to remedy such inadequacies; and (3) the team has incurred a continuous loss of income for the three years preceding its intent to move. Requires any person wishing to relocate a professional sports team to furnish notice of such intent to the league and to the appropriate municipality at least one year before such relocation may b…