I am hoping to get 30 owners, but it is definitely possible that the league won't fill up. If it doesnt, then yes, the remaining teams will be turned over to the computer until a new owner comes along to take over.
Free agents work exactly like in real baseball. You can sign them, but only if you have enough money. There is no salary cap, just like in real baseball, and salaries do come into play. You may have to trade away your star pitcher because you cannot afford him.
If you have any other questions, by all means ask.
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