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The oldest of the major team sports, baseball has always held a special place in the hearts and minds of American fans. Called the "national game" or the "national pastime," it is considered by many to be the quintessential American game. But in spite of its ostensible simplicity, baseball has more rules than you can shake a stick at. Today we are going to talk about baseball pennants.

A small, tapering flag shaped like an elongated triangle, pennants are used by every professional baseball team. At home games, they are flown or waved with pride by fans in the stands. Some folks even collect them, since each team has a unique pennant that features its emblem or logo. But there's a big difference between a team pennant and a league pennant. What is it?

During the regular season, teams compete for league pennants, which can only be flown at the home stadium of the team with the best record that year. These pennants are important for two simple reasons. The first is that they are trophies of sorts that signify a major accomplishment. The second is that they can help the team earn extra revenue by selling replicas to fans.