Transaction: Boston trades Ruth to New York for $100,000
Ruth’s Yankees tenure: 15 seasons (1920-34)
Ruth with Yankees: .349 BA, 659 HR, 1,978 RBI
Bottom line: After leading baseball in home runs in both 1918 and 1919, Babe Ruth justly wanted a raise. But his then-owner, Harry Frazee of the Red Sox, was a theatrical owner on the side, and he also needed money. Thus, Frazee sold Ruth to the Yankees for $100,000, so the slugger could get the money he wanted and Frazee could get funding for his plays and musicals.
It turned out to be the worst transaction in MLB history, as Ruth skyrocketed into fame and became a cultural icon in New York. His impact was felt on the field, as he became baseball’s Home Run King, and in the minds of people as the Yankees would become MLB’s signature franchise. The Yankees would go on to win 27 World Series championships — four of them with Ruth in pinstripes, while the Red Sox’s fortunes also changed. After winning five of the first 16 World Series championships before the trade, Boston would have to wait almost 86 years before it won its sixth World Series title.