Today in Yankees Baseball – January 3rd

On
January 3rd, 1920, the Red Sox publicly announce a deal made on
December 26 to sell Babe Ruth to New York for $125,000.  This was twice the amount ever paid
previously for a player.  By today’s standards,
that’s an intern’s salary. Harry Frazee, the cash-strapped owner of the Red
Sox, also secures a $300,000 loan from the Yankees as part of the deal.  That’s right folks…the Yankees at some
point owned part of the Red Sox (and that’s a full 58 years before the Boston
Massacre)!

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