Baseball Commissioner Ford Frick sets a waiver rule to bar inter-league deals until all clubs bid with the club lowest in the league to get the first pick. He sets the price at $10,000. He also bars all other deals after July 31st.

This Day In Baseball

On July 30, — Baseball Commissioner Ford Frick sets a waiver rule to bar inter-league deals until all clubs bid with the club lowest in the league to get the first pick. He sets the price at $10,000. He also bars all other deals after July 31st.

 

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Sources:
Baseball Reference July 30
National Pastime July 30
Retro Sheet
Hall of Fame
SABR Games Project
Replay The Game