Trusts and Estates

Free Agent Season Open for Pennsylvania Trust Beneficiaries

, The Legal Intelligencer

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For decades, Major League Baseball contracts contained a standard "reserve clause" that gave team owners exclusive rights to a player until he was traded or released. In 1969, St. Louis Cardinals centerfielder Curt Flood challenged the status quo when he refused to report to the Philadelphia Phillies after a trade. Flood's stand, along with a subsequent arbitration determination declaring the reserve clause was incompatible with the economic freedoms of modern society, led to the adoption of free agency as we know it today in the professional sports world.

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