The New York Yankees are a professional baseball team based in the borough of the Bronx, in New York City, New York. The Yankees are a member of the Eastern Division of Major League Baseball's American League. One of the American League's eight charter franchises, the club was founded in Baltimore, Maryland in 1901 as the Baltimore Orioles, moved to New York City in 1903, then becoming known as the New York Highlanders, and became solely known as the "Yankees" in 1913. From 1923 to the present, the Yankees permanent home has been Yankee Stadium. In 2009, they are scheduled to move into a new stadium, also to be called "Yankee Stadium".