Boston Red Sox owner Harry Frazee makes a secret agreement to sell Babe Ruth to the New York Yankees for $400,000 in cash plus other considerations. The sale will be announced publicly one week later. The payment includes $125,000 with a quarter in cash and the rest in $25,000 annual payments at 6%, and a $300,000 loan using Fenway Park as collateral.
More From Around the Web
On March 1, 1993, New York Yankees owner George Steinbrenn ...
On March 1, 1969, New York Yankees legend Mickey Mantle anno ...
On March 1, 1965, future Hall of Famer Roberto Clemente miss ...