Requires a member club or a league to furnish notice of a proposed relocation of a club out of its home territory or of club elimination not later than 180 days before the commencement of the new season. Provides that, during the notice period: (1) a local government, stadium, arena authority, person, or any combination thereof (local government) may prepare and present a proposal to purchase the club to retain it in the home community; and (2) the club and the league shall give a local government the opportunity to present a proposal to induce the club to remain. Directs the league to make a determination, before the expiration of the notice period, regarding the relocation or elimination. Sets forth criteria for relocation or elimination decisions, including the extent to which fan loyalty to and support for the club has been demonstrated.