European club soccer is much closer to this model and it both creates really strong competition at the top end and a large spread between the top and bottom teams in a league. It is also very difficult to move from the bottom to the top without a huge amount of outside revenue.
Pro sports leagues in North America tend to operate as a monopoly, allowed because they have a union to balance it out. That's why both the NHL and NBA settled their lockouts right before the unions were able able to de-certify (NHL) or file an anti-trust (after decertifying in the NBA) lawsuit.
