Benzinga does not provide investment advice. Market Jumps After Federal Reserve Begins Buying Corporate Bonds For The First Time How The COVID-19 Drop Has Potentially Set Up 'Another Long Economic Expansion'Ģ020 S&P 500 Recovery Rally 'Closely Tracking' 2009 Rebound An arbitrator ruled in favor of MLB players in a similar free agency case just three years later, opening the door for players to negotiate contracts via free agency in all major professional sports leagues to this day. How Curt Flood Sacrifice Changed Baseball and Other Pro Athletes Curt Flood was on his way to a potential Hall of Fame career, but he would be remembered for what he did off the field which a cost him his career. Flood is seen as a pioneer for player rights, however. Unfortunately for Flood, the Supreme Court ruled that baseball was a sport, not a business, and therefore MLB teams weren't subject to antitrust regulations.Īfter Flood lost his case in 1972, he was shunned by MLB and never played again. In 1969, Flood risked his baseball career in an effort to get a court ruling allowing him to become a free agent and choose the team for which he would play. The average cost of a new house was $27,550.įlood Denied Free Agency: Curt Flood was the first MLB player to challenge professional baseball contracts. Five White House operatives were arrested for burglary in Washington as part of what would become known as the Watergate Scandal. What Else Was Going On In The World? In 1972, 11 athletes from Israel were murdered by an Arab gunman at the Munich Olympics. Where The Market Was: The Dow closed at 941.83.
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