It keeps the richer clubs from buying players at the end of the season in an attempt to make the playoffs.
All major sports have a trade deadline which generally kicks in with about 1/3 of the season left to play.
An example of why there is a trade deadline would be if a rich team came down to the final week of the season tied with some other team for the wildcard spot. The rich team decides to make a deal with the Blue Jays, giving up several prospects and a boatload of money, to acquire Roy Halladay. Halladay comes in having not pitched in 4 days. This means he can start 2 games in the final week of the season. The rich team's playoff chances have improved dramatically.
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To give a team a better chance of winning. The team may need a different player.
Trade routes were often dangerous. Trade routes were often dangerous.
There are basically two trade deadlines. July 31 is the deadline for straight trades to be executed. However, trades can occur up to August 31, the caveat being that players traded during the month of August must first pass through the waiver list. So if I wanted to trade someone I can do so without restriction up to July 31. If I want to trade someone between August 1 and August 31, I must first put the player on waivers. If some other team claims the player I will pull the player off the waiver list and not make the trade. If no team claims the player off the waiver list I can make the trade.
They were stripped of their right to trade.
There were several - Delian League, Peloponnesian League, Achaean League, Ionian League, Aetolian League, Beotian League etc, etc.
hanseatic League