Babe Ruth’s 1932 contract with the Yankees sells for nearly $300,000

Imagine if Babe Ruth were a free agent today.

A historic 1932 contract signed by Ruth — in which he was forced to take a pay cut with the New York Yankees — was sold at auction for nearly $300,000 on Friday, according to auctioneer RR Auction.

The Bambino settled for $75,000 — a $5,000 decrease from the previous year because of the Depression, which factored into baseball’s revenues. His contract included 25 percent of the net receipts from Yankees exhibition games.

“Ruth’s Depression-era contract provided an unprecedented historical look at the Game of Baseball — especially considering Manny Machado’s just signed deal worth $300 million, the richest free-agent contract in baseball history, ” said Bobby Livingston, executive VP at RR Auction.

For comparison, the copy of the Red Sox part of the deal that sold Ruth to the Yankees auctioned for close to $1 million in 2005.

 

 

Source link