Babe Ruth Transfer Agreement

The deal, which took place in 1919, transferred Babe Ruth`s existing contract with the Boston Red Sox to the New York Yankees. The year before, in 1918, the Red Sox won the World Series and the trade of Babe Ruth to the Yankees marked the beginning of “Bambino`s Curse”, as the Red Sox would not win any more World Series in the next 85 years! There remains a mystery about how the December 26, 1919 contract never left the hands of both baseball clubs or Major League Baseball. Only the agreement presented on the pages is safe. The Yankees acquired Ruth for a sum that was paid to the Red Sox in four equal installments until 1922. They specify in the document that if Ruth does not show up for the Yankees before July 1, 1920, the contract will be terminated and the Red Sox will retort the first payment of $25,000. Babe Ruth`s trade deal from the Red Sox to the Yankees led to an auction in Lelands with a $2.3 million bid. A photocopy of the front page of a single player transfer agreement (Babe Ruth) between the Boston American League Baseball Club and the New York Ameican League Baseball Club. But while the highest price ever paid at an auction for a sports document was to “blow everything else,” the contract fell short of the $1.26 million paid for the 46-ounce Louisville Slugger, with which Ruth made the first Home Run in Yankee Stadium history, said David Kohler, President of SportsCards Plus. Siegal, who surpassed six people for the six-page document, told reporters he paid more and that no matter how much someone offered him, the contract “is not for sale.” The winner of Ruth`s commission was Peter Siegel, the owner of a collectors` and memorabilia store in New York City called Gotta Have It! He now has paper evidence of the $100,000 deal in 1919 between Boston Red Sox owner Harry Frazee and Yankees co-owners Jacob Ruppert and Tillinghast L. Huston. Babe Ruth was the greatest player of his generation Three examples of this contract were made, one for the Yankees, Red Sox and the American League. Evans said he expected the ring to beat the rings at an auction.

Julius Ervings 1974 New York Nets ABA Championship Ring was sold in 2011 by SCP Auctions for 460,471 $US. Lelands commented before the sale: “That`s it. similar to some of the great documents in the history of our country… At the request of a collector who had missed it, Evans says he bought Ruppert`s copy for $150,000 and sold it to the collector who put it back at that auction. This collector has held it for nearly 25 years and, according to Evans, he turned down an offer for $5 million at one point. Josh Evans of Lelands said the document that is being sold is the original copy of then-Yankees owner Jacob Ruppert`s contract.