Giants first baseman Bill Terry (.401, 14, 117) is selected by the Sporting News as the NL Most Valuable Player, and Senator shortstop Joe Cronin (.346, 13, 126) receives the honor for the American League.
Replacing Roger Peckinpaugh, who is moved up to the front office, Lou Boudreau, with only three years of major league experience, is named as the Indians' new manager. The 24 year-old shortstop is the youngest skipper of this century, but is a year older than Jim McCormick, a right-handed pitcher who managed the Cleveland Blues in 1879 at the age of 23.
Baseball's only commissioner, Judge Kenesaw Mountain Landis, dies at the age of 74. The former federal judge served in the baseball's top post for 24 years.
Red Sox outfielder Ted Williams (.343, 43, 159), who barely lost the Triple Crown when his average was .0002 below that of Tiger third baseman George Kell, is selected as the American League MVP by an overwhelming vote.
Thurman Munson is named American League Rookie of the Year. The young Yankee backstop receives twenty-three of the twenty-four first place ballot votes cast, with Indian outfielder Roy Foster being named on the other.
Gene Michael becomes the 25th Yankee manager, replacing Dick Howser, who led New York to a first-place finish in the American League East after compiling a 103-59 record. 'Stick' will guide the Bronx Bombers to the American League pennant during his first two seasons with the team.
Brewer hurler Rollie Fingers becomes the first relief pitcher ever to win the American League MVP Award. The 34 year-old right-hander, who also wins the Cy Young award, narrowly beats former A's teammate Rickey Henderson by 11 points.
Jose Canseco wins the American League's Rookie of the Year Award. The Cuban-American is the first A's player to win the honor since Harry Byrd accomplished the feat for Kansas City in 1952.
The Red Sox hire the youngest general manager in major league history. Twenty-eight year-old Theo Epstein, a lifetime Red Sox fan who grew up about a mile from Fenway Park, becomes the team's 11th GM since the club first established the position in 1933.
The Cubs trade first baseman Hee Seop Choi (.210, 10, 32) and a minor league player to be named later (Mike Nannini) to the World Champion Marlins in exchange for Gold Glove first baseman Derrek Lee (.271, 31, 92).
After spending $67 million to acquire its former president’s shares of the Mariners, the Nintendo's U.S. subsidiary now owns more than 50 percent of the Northwest franchise. Due to the presence of Japanese superstar Ichiro Suzuki, Seattle is one of the favorite U.S. major league teams in the Land of the Rising Sun.
The Phillies trade Jim Thome (.207, 7, 30) to the World Champion White Sox for center fielder Aaron Rowand (.270, 13, 69) and a pair of southpaw pitching prospects, Daniel Haigwood and Giovany Gonzalez. The 35 year-old injury-ridden first baseman completed three seasons of his six-year $85 million deal with Philadelphia, helping the franchise to establish creditability when the team moved to a new ballpark in 2004.
Chase Utley is expected to need four to six months to recover from arthroscopic hip surgery performed today at New York's Hospital for Special Surgery. The All-Star Phillies second baseman, despite battling the injury for much of the year, played a pivotal role in the team's World championship this season.
The Marlins will endure a one-year delay in building their 37,000-seat, retractable-roof stadium, now set to open in 2012. Club president David Samson cites recent litigation slowed down the start of construction, and now it would not be cost-effective to keep to the original timeline.
Citing his age and the lack of stamina needed to do the job well, legendary Yankee public address announcer Bob Sheppard indicates he will not be returning to the Bronx to do any games. The 99 year-old 'Voice of Yankee Stadium' spent more than 50 seasons behind the microphone introducing lineups which have included Joe DiMaggio, Mickey Mantle, and Derek Jeter.