On this Date in 1920

1920 – The secret deal made on December 26th to sell Babe Ruth to the New York Yankees for $125,000 (twice the amount ever paid previously for a player) is announced publicly. Boston Red Sox owner Harry Frazee also secures a $350,000 loan from the Yankees as part of the deal.

From the New York Times of January 6, 1920

From the New York Times of January 6, 1920