This isn't the first time that the minors contracted. When Branch Rickey was GM of Brooklyn and St. Louis, they had more than 20 minor league teams. Every little town has a team, right down to class D leagues. But baseball has lost it's appeal as it got competition from Basketball, Football and even Hockey teams in their areas, but the killer was the invention of television, which brought the superstars of the majors into everyone's living room, at least once a week or more.
In the 30s and 40s, minor league teams owned most of their players, and made a portion of their money by selling the better ones to one of the major league teams. The cubs almost signed Joe Dimaggio before he finally went to the Yankees.
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