First and Last Babe Ruth Yankees Contracts Heading to Auction Block
Babe Ruth's first and last contracts with the New York Yankees are heading to the auction block. They're slated to be put up for bid on October 6 as part of Goldin Auctions' October Legends Auctions. Bidding for the two historic documents close on November 1, 2014.
The first contract was signed by Ruth in 1922. It came three years after the legend was acquired by the team from the Boston Red Sox. The contract covers three seasons, 1922 and a pair of team options for 1923 and 1924.
Ruth's salary? $52,000 per season.
The contract also spells out provisions that were intended to keep the social superstar in check. These include Ruth not being allowed liquor and staying out past 1AM during the season without permission.
The 1922 Babe Ruth New York Yankees contract is signed by the slugger as "George Herman Ruth," Yankees owner Jacob Ruppert and American League President Ban Johnson.
The second Babe Ruth contract being sold by Goldin Auctions is for 1934. While his salary had been slashed to $35,000, Ruth did have a clause to get money from "exhibition games played during the regular championship season."
The 1934 contract is signed by Ruth, Ruppert, Yankees General Manager Ed Barrow, and AL President William Harridge.
In July, Goldin Auctions sold Babe Ruth's 1918 Red Sox contract for $1.02 million.
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