Major league baseball owners unanimously approve the November transaction in which Bob Castellini and two other Cincinnati businessmen bought control of the Reds from previous owner Carl Lindner. It is reported the trio, which includes investors Thomas Williams and William Williams Jr., acquired approximately 70 percent ownership of baseball’s oldest franchise, believed to be valued at an estimated $270 million.

2005 – The Anaheim Angels trade outfielder Jose Guillen to the Washington Nationals for outfielder Juan Rivera and infielder Maicer Izturis. Guillen, who hit .294 with 27 home runs and 104 RBI in 2004, is now playing for his sixth team in his eight-year career. He was suspended by Anaheim after throwing a helmet during a tirade caused by being taken out for a pinch runner last September.

2000 – Major League Baseball owners vote to approve the $320 million sale of the Cleveland Indians to Larry Dolan and his family trusts. They also vote to give Commissioner Bud Selig power “without limitation” to ensure “there is an appropriate level of long-term competitive balance among the clubs.” He can override all of baseball’s rules, and even attempt to impose a salary cap if he thinks it necessary to reach an agreement with the players following the 2001 season.

1995 – Baltimore Orioles owner Peter Angelos announces that his team will not use replacement players if the strike is not settled before Opening Day.

1994 – Major league owners amend the major league agreement, giving complete power to the Commissioner on labor negotiations. Bud Selig will continue to act as interim commissioner.