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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jul 30, 1998.
Curt Flood Act of 1998 - Amends the Clayton Act to declare that the antitrust laws apply to the conduct, acts, practices, or agreements (conduct) of persons in the business of organized professional major league baseball relating to or affecting employment of major league baseball players to play baseball at the major league level to the same extent that such laws apply to such conduct of any other professional sports business affecting interstate commerce. Grants standing to sue under this Act only to a major league baseball player, as defined by this Act. Specifies that in cases involving conduct that directly relates to or affects both employment of major league baseball players to play baseball at the major league level and any other aspect of organized professional baseball, only those components, portions, or aspects of such conduct that directly relate to or affect employment of major league baseball players to play baseball at the major league level may be challenged under this Act.