Posted on February 23 2019
“You just can't beat the person who never gives up.”
A historic 1932 Yankees contract signed by Babe Ruth sold at auction for $295,531 on Friday.
The agreement, signed in the midst of the Great Depression, is special because the Bambino took a pay cut while the country was suffering through the economic disaster.
He’d been earning $80,000 per year for the previous two years, according to auctioneer RR Auction, but — with baseball gate receipts down 12 to 15 percent — he agreed to a $5,000 pay cut.
Bobby Livingston of the Boston auctioneer said, “It was the first time . . . since the day in 1914 when he signed for $600 per season that he had ever taken a cut in pay.”