December 26, 1919
Today In History
Red Sox sell their rights to Babe Ruth to the New York Yankees
BABE RUTH SOLD TO YANKEES - On December 26, 1919, Harry Frazee, the owner of the Boston Red Sox, who was also a theatrical producer, sold his star player, George Herman “Babe” Ruth to the New York Yankees for $125,000 and other cash considerations. Frazee used some of the proceeds of the deal to finance his Broadway play “No, No, Nanette.” Frazee was quoted as saying that he believed that the Yankees were “taking a gamble” with Ruth and that with the money from this deal, the Red Sox could buy other players that would make them a better team than would have been with Ruth. The Red Sox proceeded to have 14 consecutive losing seasons, including 9 in which they finished last in the American League. Meanwhile, with Babe Ruth leading the way, the Yankees won 7 American League pennants and 4 World Series, becoming baseball’s most prominent team, and they opened a brand new ballpark referred to as “The House That Ruth Built.” Prior to the trade, the Red Sox had won five World Series in the short 16 year history of the Fall Classic, including just one year earlier in 1918. However, it would be another 86 years before they won another one. During this 86 year drought, known as “The Curse of the Bambino”, the Yankees won 26 World Series, including their first four titles with Babe Ruth.
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Collectible Editions
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