The Palmetto League permanently folded midway through the 1931 season with the Augusta Wolves in 1st place.
Under the direction of league president Charles H. Garrison, the Palmetto League began play as a four–team league, hosting franchises from Anderson, South Carolina (Anderson Electrics), Augusta, Georgia (Augusta Wolves), Florence, South Carolina (Florence Pee Deans) and Greenville, South Carolina (Greenville Spinners).
[4] On July 23, 1931, the Palmetto League folded with Augusta in 1st place of the second half standings.
The Augusta Wolves led the final overall Palmetto League standings with a 53–23 record, 9.0 games ahead of the 2nd place Florence Pee Deans (44–32), followed by the Greenville Spinners (37–39) and the Anderson Electrics/Spartanburg Spartans (28–58) who finished 30.0 games behind.
Notably, Bill McGhee of Augusta hit .405 for the season, to lead the league.