Two Supreme Court decisions, NCAA v. Board of Regents (1984) and NCAA v. Tarkanian (1988), shaped college sports by permitting the emergence of a commercial enterprise with high financial stakes, while failing to guarantee adequate procedural protections for persons charged with wrongdoing within that enterprise. Brian L. Porto examines the conditions that led to the cases, the reasoning behind the rulings, and the consequences of those rulings. He proposes a federal statute that would grant the NCAA a limited "educational exemption" from antitrust laws, enabling it to enhance academic opportunities for athletes and affording greater procedural protections to accused parties in NCAA disciplinary proceedings.