Babe Sold to New York

Updated: November 3, 2005, 3:38 PM ET
By Larry Schwartz | Special to ESPN.com

January 3, 1920

Babe Ruth had quite a 1919 season with the Boston Red Sox. Playing more than 100 games as an outfielder for the first time in his career, Ruth, who had previously been used mostly as a pitcher, broke the major league home run record with 29 and led the American League with 114 RBI and 103 runs. He also went 9-5 on the mound.

But Red Sox owner Harry Frazee needs cash to continue producing his Broadway plays. So he had agreed to sell Babe to the New York Yankees and today the announcement is made. Frazee will receive $125,000 in cash and a $300,000 loan.

Boston, which had won five World Series before the deal (three with Ruth), wound up having to wait until 2004 for its next championship. Many fans in New England referred to this as "The Curse of the Bambino."