1922 – New York Yankees star Babe Ruth becomes the highest-paid player in history when he signs a three-year contract that will pay him over $50,000 per season. In 1921, Ruth led the American League with 59 home runs and 171 RBI.
1915 – Jacob Ruppert and Tillinghast L’Hommedieu Huston buy the New York Yankees from Frank Farrell and Bill Devery for $460,000. Ruppert, who owns a brewery, is thinking of renaming the team the “Knickerbockers” to promote his product, but is dissuaded by newspaper men.
1914 – Ban Johnson’s efforts to strengthen the New York Yankees succeed when he arranges the purchase of the team by Colonel Jacob Ruppert and Captain Tillinghast L’Hommedieu Huston for $460,000 from Bill Devery and Frank Farrell. After Detroit Tigers owner Frank Navin refuses to let manager Hugh Jennings go, the new New York owners will name longtime Detroit pitcher Bill Donovan to manage the team. Under the new regime, the Yankees will make the most important trade in franchise history when they purchase Babe Ruth from the Boston Red Sox in 1920.
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