This trade is the root of the Pete Elliott (1948) trade tree — the full chain is traced there.
New York Yankees sent a 1949 first-round pick (No. 7, became Pete Elliott)
New York trades its 1949 AAFC secret-draft first-round pick to Chicago.
On July 8, 1948, New York Yankees sent a 1949 first-round pick (No. 7, became Pete Elliott) to Chicago Rockets; return not recorded.