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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