» The Twins trade 2B Tim Teufel and minor leaguer Pat Crosby to the Mets for minor leaguers Billy Beane, Bill Latham, and Joe Klink, and also trade C Dave Engle to the Tigers for IF Chris Pittaro and minor leaguer Alex Sanchez.
» The BBWAA elects former Yankee teammates Mickey Mantle and Whitey Ford to the Hall of Fame. Mantle becomes only the 7th player to make it in his first try.
» Curt Flood, Cardinals Gold Glove outfielder, files a civil lawsuit challenging ML baseball's reserve clause, a suit that will have historic implications. Flood refused to report to the Phillies after he was traded by the Cardinals 3 months ago, contending the baseball rule violates federal antitrust laws.
» AL owners vote 9-1 against Charlie Finley's Louisville proposal. Finley is given an ultimatum to sign a lease in Kansas City or lose his franchise.
» Dick Groat scores 14 points, but the football Steelers edge the baseball Pirates 22-20 in overtime in a benefit basketball game.
» The U.S. Standardization Board clears the way for Stan Musial to get a salary increase to $85,000. Prior to this relaxation of the rules, there was a wage freeze in effect due to the Korean War. Under the new rules, a team is free to raise individual salaries, as long as they do not exceed a complicated formula, based on total team salaries for any one year, from 1946-50, plus 10 percent.
» It seems simple enough on paper; the Red Sox buy OF George Stone from the Senators. The Browns reclaim Frank Huelsman from the Senators, where he had been on loan, and send him along with OF Jesse Burkett to Boston for Stone. Boston then sends Huelsman back to Washington in payment for George Stone.
The NL, AA, and Western Association sign a new National Agreement calling for the creation of a 3-man Board of Control to settle disputes between clubs and leagues.
Samuel Gompers, president of the American Federation of Labor, and 3 other labor leaders pledge support for the PL at a league meeting in Philadelphia.
Dallas catcher Charlie Bradley is shot dead by Tom Angus because Bradley had won the favor of Angus's old girlfriend.
Washington is admitted to the NL, bringing the membership up to 7 teams.