The Debut and the Greatest Trade in Sports History

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It was 97 years ago this year when the Boston Red Sox gave the New York Yankees a late Christmas present. On December 26th, 1919, Sox of Boston sold their star pitcher and emerging slugger George Herman “Babe” Ruth to the Yankees of New York for an eventual sum of either $100,000 or $125,000 (the exact amount is disputed), or about $1.2-$1.5 million today, to be paid in $25,000 installments. In announcing the sale to the media, Red Sox president and owner Harry Frazee said he would have rather taken players, but no team “could have given me the equivalent in men without wrecking itself.” So, he happily took the “enormous” amount of cash that the Yankees offered, quipping that “I do not mind saying I think they are taking a gamble.”
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