After the 1919 season, Babe Ruth demanded that the Red Sox double his salary, from $10,000 to $20,000. Owner Harry Frazee refused, and traded Ruth to the Yankees for $125,000 in cash and three $25,000 notes payable every year at 6% interest. Ruth officially became property of the Yankees on December 26th 1919, and the deal was announced on January 5th 1920. The following day’s New York Times predicted that “the short right field wall at the Polo Grounds should prove an easy target for Ruth next season and, playing 77 games at home, it would not be surprising if Ruth surpassed his home run record of twenty-nine circuit clouts next summer.”
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