They took an unofficial handshake agreement between teams not to poach each other’s five best players and turned it into an official, on-the-books rule. In 1879, the business of baseball was booming, and so the fledgling National League took steps to prevent player salaries from growing beyond their control. The MLB is the reason that free agency took so long to take hold in American sports-but it’s also the place where the shift finally occurred. So we decided to dive into the history of free agency in sports to let you know how it came about and how it’s taken player salaries from pretty all right to a total home run.ġ879-1975: Major League Baseball and the reserve system.Īs America’s oldest professional sports league, Major League Baseball (MLB) was the organization that all the other leagues-like the NFL, NBA, and NHL-imitated in their approach to labor relations and player salaries. Here on the OppLoans Financial Sense Blog, we’re always pro people making an extra buck or two -or, when it comes to professional athletes, an extra million or so. That’s because free agency is the only time where players are able to offer their services to any team willing to sign them. But in real sports, the big price tags for players don’t happen through the draft. As anyone who has ever had to bid against their friends and/or coworkers in a fantasy football draft can tell you, it is incredibly easy for the price of players to get out of control-and fast.
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