The Deal
Sunday, November 22, 
5:06 pm

This date in deal history: Precursor to Yankees sold for $18K

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Jan. 9, 1903: As part of a truce in the war between baseball's National League and the upstart American League, New Yorkers Frank Farrell and Bill Devery acquire the junior circuit's Baltimore Orioles for $18,000 and move the team to a new stadium at 168th Street and Broadway in Manhattan.

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The ballpark, which sat atop a hill, was cleverly named "Hilltop Park" and the team was given the equally clever name "Highlanders." When the franchise moved out of Hilltop Park in 1913, the name no longer applied, so the owners adopted the nickname that fans and sportswriters had attached to the team: as the American League contestant in town, the Highlanders were often called the "Yankees."

Had other cities been similarly populated by such clever baseball aficionados, the American League schedule would today consist of seven "Yankees vs. Yankees" entries. Fortunately, most other cities, particularly Boston, are populated by "Yankee haters" -- a ploddingly dull-witted species. - Jeffrey Kanige

See post about George Steinbrenner's purchase of the team from Dealscape
See post about team's valuation from Dealscape
See post about rumors of Stenbrenner selling the team from Dealscape
See the Yankee's official history at MLB.com





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