BusinessPursuitsBob Costas on Baseball Free Agency's Evolution1975: An arbitration court ruling gives Major League Baseball players the right to shop their talents for the first time.FacebookXLinkedInEmailLinkGiftExpandReggie JacksonPhotograph by Heinz Kluetmeier/Sports Illustrated/Getty ImagesFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bob CostasDecember 5, 2014 at 1:38 AM UTCBookmarkSaveLock This article is for subscribers only.This article is part of the December 8, 2014 issue of businessweek.Chevron RightExpand 1975 An arbitration court ruling gives Major League Baseball players the right to shop their talents for the first time.