The National Collegiate Athletics Association (NCAA) serves as the governing body of collegiate athletic programs to ensure successful integration of sports into higher education and most importantly, fair competition (NCAA, 2016). This premise is related to the development and existence of antitrust legislation in the competitive market, which attempted to standardize the pursuit of fair competition through just business practices. From an economics perspective, these laws ensure the deconcentration of economic power to allow for the opportunity for economic equality among market participants. This thesis explores the impact of recent antitrust legislation and infractions against schools alleged to have manipulated competitive balance within the NCAA, specifically focusing on how a large antitrust lawsuit against the governing body affects the performance of major Football Bowl Subdivision (FBS) schools at the Division I level.