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Pete Rose Removed From MLB's Banned List, Now Hall of Fame Eligible

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The late Pete Rose is no longer banned from baseball -- MLB commissioner Rob Manfred is removing the Cincinnati Reds legend and several other deceased players from the league's permanently ineligible list ... clearing the path for him to potentially finally get his spot in Cooperstown.

The shocking news broke on Tuesday ... with Manfred stating the lifetime ban on athletes will be lifted once they are no longer around.

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Rose was banned back in 1989 for betting on games while serving as the Reds' manager.