TBC has two openings available: the Phillies and Reds. One is very good (tied for first-place in fact) while the other is very bad (mainly due to the previous owner taking a powder on us).
The league, which started as a solo-dynasty in 1871 to build up some history, went online in 1892 and is now about to wrap up 1895. There are a couple of AL teams available as well, for the AL launch in 1901 (still a couple months away, but you can reserve a spot now if you wish).
We've got a few wrinkles that separate us from other leagues, like trying to model the reserve clause era, a draft that isn't *exactly* a draft and more.
Check out the website for more details.