At a joint meeting, a rule is changed that ends the practice of minor league teams selling star prospects to friendly Major League clubs for high prices, then getting the players back, forcing another ML club to pay the reputed price for the player. Other changes ban the signing of players under the age of 17 and set a $7,500 price tag on any first-year player.

On ,December 17 1928 — At a joint meeting, a rule is changed that ends the practice of minor league teams selling star prospects to friendly Major League clubs for high prices, then getting the players back, forcing another ML club to pay the reputed price for the player. Other changes ban the signing of players under the age of 17 and set a $7,500 price tag on any first-year player.


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Sources:

Baseball Reference December 17

SABR Games Project

National Pastime December 17

Hall of Fame

Replay The Game

Retro Sheet