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Ford Motor Credit Company buys full control of the Astros by purchasing remaining shares from General Electric Credit Company. They intend to look for a new buyer, while rumors swirl that the franchise may be moved out of Houston. 

ByTom

1978 – Ford Motor Credit Company buys full control of the Astros by purchasing remaining shares from General Electric Credit Company. They intend to look for a new buyer, while rumors swirl that the franchise may be moved out of Houston. 

The New York Yankees sign pitcher Tommy John, a reentry draft free agent formerly with the Dodgers. John will be a valuable addition to the Yankees, winning 43 games in the next two seasons.

The New York Yankees sign pitcher Tommy John, a reentry draft free agent formerly with the Dodgers. John will be a valuable addition to the Yankees, winning 43 games in the next two seasons.

ByTom

The New York Yankees sign pitcher Tommy John, a reentry draft free agent formerly with the Dodgers. John will be a valuable addition to the Yankees, winning 43 games in the next two seasons.

Detroit Tigers second baseman Lou Whitaker wins the American League Rookie of the Year Award

Detroit Tigers second baseman Lou Whitaker wins the American League Rookie of the Year Award

ByThis Day in Baseball

Detroit Tigers second baseman Lou Whitaker wins the American League Rookie of the Year Award with 21 of 28 first-place votes over Paul Molitor of the Milwaukee Brewers. Whitaker will be the youngest AL Rookie of the Year until Mike Trout passes him in 2012.