In 1974 Hampton, VA got a new team in the Carolina League - the Peninsula Pennants. A co-op team managed by Len Johnston, they finished 5th in the 6-team league in both halves and overall were 58-76. The Atlanta Braves, with no high-A affiliate (they sent players to the co-op Kinston Eagles in 1973), supplied the most players, at least 9. The Texas Rangers sent at least 5 players, while the New York Mets, Minnesota Twins, and Chicago Cubs also sent multiple players. The Pennants were third in the Carolina League in attendance (36,087). Outscored 677-562, the team had few bright spots - the pitching of Wilfredo Rios (3-5, 2 Sv, 2.75 from the Braves) and Randal Fairbanks (6-6, 1 Sv, 2.77, 6th in the league in ERA, Rangers) were perhaps the high notes. The club only existed for one year.
Source: 1975 Baseball Guide