New York Yankees announce purchase of Babe Ruth

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On January 5, 1920, the New York Yankees major league baseball club announces its purchase of the heavy-hitting outfielder George Herman “Babe” Ruth from the Boston Red Sox for the sum of $125,000.

In all, Ruth had played six seasons with the Red Sox, leading them to three World Series victories. On the mound, Ruth pitched a total of 29 2/3 scoreless World Series innings, setting a new league record that would stand for 43 years. He was fresh off a sensational 1919 season, having broken the major league home run record with 29 and led the American League with 114 runs-batted-in and 103 runs. In addition to playing more than 100 games in left field, he also went 9-5 as a pitcher. With his prodigious hitting, pitching and fielding skills, Ruth had surpassed the great Ty Cobb as baseball’s biggest attraction.