I actually managed to fix this myself, although it involves losing all of your saved games but i'm just happy I at least fixed the game and can play it again!
Here's the process I used to fix it.
(P.S. WHILE I DIDN'T HAVE TO, I RECOMMEND MAKING SURE YOU HAVE A COPY OF YOUR LICENSE # BEFORE DOING THIS, IN CASE YOU NEED TO RE-LICENSE THE PROGRAM)
1. First things first, uninstall OOTP Baseball 10. (I did this using the start > All Programs >OOTP Baseball 10 > Uninstall
2. Go into your documents folder (the one with the "OOTP Baseball 10" folder) and delete the "OOTP Baseball 10" folder. Literally click on it, and hit delete so that the entire folder disappears (i'm suspecting the actual problem was a corrupt file in this folder, which was not being overwritten when a re-install was performed but a new fresh copy will get created once an install happens, if you delete it)
3. Download this Defragmenting Program
Download Power Defragmenter 3.0 - This software will take the defragmentation process to a whole new level - Softpedia Called Power Defragmenter 3.0.
4. After Downloading the Defragmenting program, run the .exe file (not the contig.exe file, the other .exe file in the download) You will get four options: "Defragment File(s)", "Defragment folder(s)", "Defragment Disk", and one more option. Choose the fourth option from the top and run it (this can take a while).
5. After the defragment is completely done and you get a message that it was successful, restart your computer.
6. Once back up and running, download a fresh copy of the PATCHED OOTP install file from the ootpdevelopments website. Then install the game back onto your computer.
* This is the process that worked for me. Once I was done with step 6 the game was back to normal and I was once again able to start games without having the program crash.
If anyone has any questions about this, feel free to post them or PM me and i will try my best to help!