TDIBH: Baseball's Most Famous Transaction
 

Jan. 3, 1920:

The New York Yankees purchase the contract of pitcher Babe Ruth from the Boston Red Sox for $125,000 and a $350,000 loan against the mortgage on Fenway Park. The "official" annoucement of the sale is delayed until January 5 due to Ruth's contractual demands.

And the rest as they say is history.

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