IN THE NEWS: Charlie "Jolly Cholly" Grimm resigns as vice president of the Cubs to sign a 3-year contract, for a record $90,000, to manage Dallas (Texas League). Grimm comments, "these hands were never intended to carry a brief case."
IN THE NEWS: The Yankees sell their Newark franchise to the Cubs, who will move the team to Springfield, Mass. The once-proud Bears, owned by the Yankees since 1932, finished last in the International League in 1949.
IN THE NEWS: The Indians' Bob Feller, whose 1949 record was a lackluster 15-14, takes a $20,000 salary cut to $45,000. The pay cut was Feller's own suggestion.
IN THE NEWS: The Pirates sign high school P Paul Pettit for a record $100,000 after buying his contract from film producer Fred Stephani, who had signed him to an exclusive contract as an athlete/actor (scouts are barred from doing so prior to graduation under major league baseball's "high-school rule"). Unfortunately, with an eventual 1-2 career mark, he will prove not to be worth the trouble.
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