From its founding last year, the pop-up Continental League had little chance of becoming a third major baseball circuit in 1961. The owners had franchises in eight cities,* but no players and no stadiums. By its paper existence, however, the Continental League bedeviled the 16 major-league teams.
Last week representatives of all three leagues met in Chicago to shake hands on a deal that left everyone smiling, the Continental Leaguers contentedly, the established major leaguers with relief. Terms of the deal: the Continental League disappears; the American and National leagues will each grow to ten teams by 1962, taking in two...