On March 16, 1932, Babe Ruth signed a deal for $75,000, a five-thousand dollar pay cut from the previous season and 25 percent of the Yankees net receipts from exhibition games. The pay cut came in large part as a result of the Great Depression. Legend has it the Bambino signed a blank contract, with the amount filled in later by Yankee owner Jacob Ruppert.
2 thoughts on “This day in baseball: Ruth takes a pay cut”
The man was underpaid.
The Bambino needed an agent.