Charles Ebbetts' plan of selecting minor league players at the annual draft in the inverse order of the final standings is finally adopted. The Dodgers owner has been advocating this system for many years as a way to maintain a competitive balance in the National League.
Charlie Grimm and Verlon Walker are named to the Cubs' colleges of coaches. Using this system, a different coach will manage the team each month during the season.
Tigers' owner John Fetzer announces the team has signed a lease to build a mult-sport stadium along the Detroit River. The $126 million proposal for the downtown domed complex will be doomed due to a lack of funding, and the proximity of the Silverdome being built in nearby Pontiac, Michigan.
At the age of 42, Gaylord Perry signs a one-year contract with Atlanta. The future Hall of Famer will compile an 8-9 record while posting a 3.96 ERA for the fifth-place Braves.
Orioles legend and perennial Gold Glover Brooks Robinson becomes the 14th player to be elected to the Hall of Fame in his first year of eligibility. The BBWAA also selects right-hander Juan Marichal, former ace of the Giants and the all-time winningest pitcher from Latin America.
The Padres sign closer Rich 'Goose' Gossage as a free agent. During his four seasons in San Diego, the right-handed reliever will win 25 games with an average just shy of 21 saves per season and will help the Friars reach their first-ever World Series this year.
Willie Stargell, who played his entire 21-year career with the Pirates, is the only person elected to the Baseball Hall of Fame this year. Blank ballots, sent and signed by nine writers wanting to emphasize the need for very exclusive selections, denies Jim Bunning entrance to Cooperstown as he receives less than the 75 percent needed for induction due to the votes which are counted, but do not name any players.
Steve Carlton is the only player this year to be elected to the Hall of Fame by the BBWAA. 'Lefty', a 24-year veteran best known for his 15 seasons with the Phillies, won 329 games and collected four Cy Young Awards.
Setting an all-time record, the 70th home run ball hit by Cardinal slugger Mark McGwire is purchased at an auction by an anonymous buyer for $3 million. The price tag surpasses the previous record amount of $126,500 which was spent last year to obtain a home run ball hit by Babe Ruth.
At a Dodger Stadium news conference, general manager Paul DePodesta announces the team has signed right-hander Derek Lowe (14-12, 5.42) to a $36 million, four-year deal. The former Red Sox starter, who has the second most wins during the span of the past three seasons, is the first pitcher to win the deciding game in all three postseason series.
Avoiding salary arbitration, Paul Lo Duca (.286, 13, 80) signs a three-year, $18 million deal to remain with the Marlins. The catcher was acquired by Florida, along with relief pitcher Guillermo Mota and outfielder Juan Encarnacion, in a trading deadline blockbuster swap which sent starter Brad Penny, first baseman Hee Seop Choi and southpaw prospect Bill Murphy to the Dodgers.
According to reports, the Brewers reach an agreement with free-agent Mike Cameron (.242 , 21, 78) on a $7 million, one-year deal contingent upon the outfielder passing a physical. The 34-year old former Padres centerfielder will miss the first 25 games of the season with the Brew Crew due to testing positive for a banned substance for a second time.
Rickey Henderson, in his first year of eligibility, and Jim Rice, in his final year, are elected to the Hall of Fame. Henderson, who will enter the Cooperstown shrine as a member of the A's, is the game's all-time stolen base leader, and Rice, who spent his entire 16-year career with the Red Sox, compiled a .298 lifetime batting average and was considered a dominant player in his era.
The Marlins and players’ union come to an understanding in which the team agrees to increase its payroll because the small amount that the club spends on paying players violates baseball’s revenue sharing provisions of the CBA. The agreement between the two sides, which ends in 2012, when Florida's new ballpark is scheduled to open, calls for arbitration if further problems persist.
The MLB owners vote to give commissioner Bud Selig a two-year contract extension, a deal that will keep him in the post until the end of 2014. The 77-year-old executive was appointed as an interim in September 1992, and then became the ninth commissioner of the game upon his election six years later.