48 players exercise their rights to settle their contracts through the new arbitration

On February 11, 1974 — A total of 48 players exercise their rights to settle their contracts through the new arbitration procedure, The first arbitration ruling in baseball history is decided in favor of Twins’ hurler Dick Woodson. The right-hander, the first player to invoke the new free agency clause, is awarded the $29,000 he asked for, rather than having to take Minnesota’s offer, which was six thousand dollars less.

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Although he loses his arbitration case, Boston third baseman Wade Boggs receives the richest amount ($1.35 million) ever awarded by this process.

February 23, 1986

Catfish Hunter claims his contract has been violated by the A’s for failing to pay $50,000 into a long term annuity fund

November 26, 1974

Fernando Valenzuela of the Los Angeles Dodgers becomes the first player to earn a $1 million salary through arbitration.

February 2, 1983

Start Listieng to Classic Baseball Broadcasts (1934 - 1973)

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