The owners vote to use a free-agent draft with clubs selecting in the inverse order of the previous year’s standings to choose players every four months. The new system, scheduled to begin next month, is designed to level the playing field by preventing rich clubs, like the Yankees, from using their wealth to lock up all of the talented players.

On December 4, 1964 — The owners vote to use a free-agent draft with clubs selecting in the inverse order of the previous year’s standings to choose players every four months. The new system, scheduled to begin next month, is designed to level the playing field by preventing rich clubs, like the Yankees, from using their wealth to lock up all of the talented players.

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