Earlier quoted context omitted.
The schools offer competing services for the consumers. They've all agreed to not compete for certain consumers in the same way. Does that help you? An HOA is not an appropriate metaphor.
A university shouldn’t be in the business of competition for athletic stars. Let NBA and other sports organizations do that. They may open their own sports schools and whatnot.
why would they open themselves up to those kinds of expenses and liabilities when their feeder systems are working just fine for them now?