1890 December

29th  After the New York and Pittsburgh PL clubs combine with their NL rivals, Spalding buys out Chicago’s PL backer Addison for $18,000, some of which goes to pay off unpaid salaries and reimburse players half of their investments. Spalding gets the club’s grandstand, equipment, and player contracts. PL secretary Frank Brunell lays part of the blame for the PL failure on 3 business mistakes: clubs should have raised $50,000 each instead of $20,000 to start; each should have had a non-playing business manager; The NL fought harder to get back players who returned to it. Ten years later NL president Nick Young will say the fight cost the NL $1.5 million.