Three major contracts mark the progress of the fame of Babe Ruth.
On January 16, 1918, Ruth signs with the Boston Red Sox for a salary of $ 5,000 per year which is an increase by 43% compared to his previous payment. A signed copy was sold for $ 1,02M including premium by Goldin on July 12, 2014.
The champion is not directly involved in the contract signed in 1919 by the Red Sox and the Yankees for his transfer to the New York team because the contract defining his salary is still valid. A copy of the contract between the two clubs was sold for $ 1M including premium by Sotheby's on June 10, 2005.
Babe Ruth is eager to renegotiate his salary. Thanks to his skills the Yankees can compete with their rivals the New York Giants. Crowds rush to watch the champion on the field and the Yankees will soon decide to build the Yankee Stadium.
Ruth is in a strong position. He refuses the offers by the Yankees at $ 30,000, 40,000 and 50,000 per year before concluding at $ 52,000 stating that this number suits him because it corresponds to one grand per week. The contract is signed on March 10, 1922. Unable to oppose the unprecedented salary expectations of the champion the Yankees had obtained that Ruth refrains from drinking liquors and does not stay up after 1 A.M. during the playing season.
A signed copy of the contract is estimated at $ 750K for sale by Goldin in New York on April 30, lot 43.
SOLD for $ 550K including premium