1998 – The Anaheim Angels sign free agent first baseman Mo Vaughn to a six-year contract, a year longer than the Boston Red Sox were willing to give Vaughn.
The Cleveland Indians sign free agent 2B Roberto Alomar to a four-year contract. Alomar joins his brother, Sandy Jr.
San Diego Padres 1B Wally Joyner undergoes corrective eye surgery to bring his eyesight up to 20/20. His eye sight had deteriorated to 20/3000.
The Florida Marlins trade catcher Gregg Zaun to the Texas Rangers in exchange for future considerations.
The Atlanta Braves sign free agent outfielder Brian Jordan to a five-year contract. Jordan had flirted with several teams before landing with the Braves.
Bob Betts, the public address announcer whose distinctive baritone made him synonymous with Milwaukee Brewers baseball at Milwaukee County Stadium, dies at the age of 70. Betts announced the home games for 23 seasons.
1998 – Randy Johnson signs a four-year deal with Arizona, ending hopes that the Astros could retain the dominating southpaw they surrendered three players to obtain. The trade is rehashed as the farmhands find success with Seattle in the coming years but General Manager Gerry Hunsicker insists he does not regret the move.
1998 – The New York Mets send catcher Jorge Fabregas to the Florida Marlins in exchange for relief pitcher Oscar Henriquez.
The St. Louis Cardinals sign free agents OF Eric Davis and reliever Scott Radinsky to two-year contracts.
The Philadelphia Phillies trade pitchers Ricky Bottalico and Garrett Stephenson to the St. Louis Cardinals for outfielder Ron Gant, pitchers Jeff Brantley and Cliff Politte, and cash considerations.
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