On March 2, 1927, the Yankees announced that Babe Ruth would earn $70,000 per season for the next three years, making him the highest paid player in major league history. The Bambino had asked for $100,000, but was negotiated down in a meeting with Colonel Jacob Ruppert, the club’s owner, at the Ruppert Brewery in Manhattan.
He was underpaid.
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Especially by today’s standards!
Underpaid indeed! Converted to 2018 $$, Babe requested $1.4 million.
In 2018 $$, they settled at $997,000. (Minimum MLB salary in 2018: $545K)
Thanks for the conversions! We all knew it would turn out way too low; it’s nice to have the actual numbers.