In 1923, the Cape Cod Baseball League was formed and initially included four teams: Falmouth, Chatham, Osterville, and Hyannis. This early Cape League operated through the 1939 season and disbanded in 1940, due in large part to the difficulty of securing ongoing funding during the Great Depression. During this period, teams from various towns moved in and out of the league each season. The Yarmouth Athletic Association did not enter a team in the Cape League during this era, but played instead in the Cape Cod Twilight League.