Timetable
Expansion teams will begin play in 1955, as determined by vote of owners.
July 31 - trading deadline
Aug. 15 - protected lists due
Sep. 1 - expansion draft
Sep. 15 - Contracts due (expansion teams exempt from 50% renewal rule, may renew 100% of expiring contracts)
Offseason - Reentry Draft (expansion teams will be entered in the draft lottery)
Rookie Draft

Protected lists
- Each organization will submit a list of 15 players (maximum), who are exempt from the Expansion Draft.
- Remaining "unprotected" players in each organization will be ranked by salary (players with same salary ranked in order of age)
- Team-by-team, players are grouped into 8 salary "tiers" (Tiers A-H).
- There will be roughly four players in each salary tier, but could be more or less depending on the number of unprotected players.

Expansion Draft
- Draft pool consists of every unprotected player in the league
- 64 players will be drafted in 32 rounds
- First pick will be determined by coin toss
- Each existing team will lose exactly 8 players in the Expansion Draft, but only one from each salary tier
- After a player has been drafted, all other players in that salary tier become protected
- After the Expansion Draft, each expansion team will have a roster of 32 players, which will be augmented by the Reentry and Rookie drafts

General Principles
- Each team loses the same number of players (8).
- Each team loses approximately the same payroll amount.
- Expansion teams and existing teams should end up with approximately the same number of players.
- Expansion teams will lack the premier stars of the league, but will have many older stars, lesser stars, and young prospects.
- Expansion teams will probably have smaller payrolls than existing teams, allowing for future growth.

Realignment
Option A: 10-team league, no divisions, no postseason (status quo)
Option B: 10-team league, no divisions, top two teams play in World Series
Option C: two 5-team divisions, winners meet in World Series
- must split expansion teams, one in each division
- if expansion teams are both Western cities, shift to divisional play must wait three seasons
- if expansion teams are West/East, then divisional play may begin immediately

Further Expansion
League will expand to 12 teams around 1960-1962.
League will expand further, according to will of the owners and the available player pool.
Expansions must be at least five years apart.