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...the drop-off between "levels" of play results in a .667 W% for the guy in the higher class.  I think if you stuck the average PCL team in a game against average big leaguers, that's about what you'd get.
So if we had a combined league, we'd have:
14 teams in level 1
16 teams in level 2
1 team a little below level 2
The 81-81 AL team would win 50% of the time against the 13 other AL clubs, 57% of the time against the 16 NL clubs, and 67% of the time against the PCL team.  If the schedule was balanced, the AL club would go 88-74.
The PCL team would win 33% of the time against the AL teams and through use of the odds ratio method we estimate that they'd win .33 * (.57/.43) or 44% of the time against the NL clubs for a total record of 63-99.  The NL clubs would go about 70-92 or 69-93.

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