Yankees On April 11, 1917

The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other is the National League (NL)'s New York Mets. The team was founded in when Frank Farrell and Bill Devery purchased the franchise rights to the defunct Baltimore Orioles (no relation to the current team of the same name) after it ceased operations and used them to establish the New York Highlanders. The Highlanders were officially renamed the New York Yankees in .

The team is owned by Yankee Global Enterprises, a limited liability company that is controlled by the family of the late George Steinbrenner, who purchased the team in 1973. Brian Cashman is the team's general manager, and Aaron Boone is the team's field manager. The team's home games were played at the original Yankee Stadium in the Bronx from 1923 to 1973 and from 1976 to 2008. In 1974 and 1975, the Yankees shared Shea Stadium and the New York Giants. In 2009, they moved into a new ballpark of the same name that was constructed adjacent to the previous facility, which was closed and demolished. The team is perennially among the leaders in MLB attendance.

Arguably the most successful professional sports team in the United States and one of the most highly regarded, the Yankees have won 19 American League East Division titles, 40 American League pennants, and 27 World Series championships, all of which are MLB records. The team has won more titles than any other franchise in the four major North American sports leagues, after briefly trailing the NHL's Montreal Canadiens in the 1990s. The Yankees have had 44 players and 11 managers inducted into the National Baseball Hall of Fame, including many of the sport's most iconic figures in history such as Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, Yogi Berra, and Whitey Ford; more recent inductees include Mariano Rivera, and Derek Jeter, who received the two highest vote percentages of all Hall of Fame members. According to ''Forbes'', the Yankees are the second-highest valued sports franchise in the world, after the NFL's Dallas Cowboys, with an estimated value in 2022 of approximately $6 billion. The team has garnered enormous popularity and a dedicated fanbase, as well as widespread enmity from fans of other MLB teams. The team's rivalry with the Boston Red Sox is one of the most well-known rivalries in North American sports. The team's logo is internationally known as a fashion item, and as an icon of New York City and the United States.

From 1903 through the 2022 season, the Yankees' overall win–loss record is 10,602-8,000 (a winning percentage).

History

1901–1902: Origins in Baltimore

In 1900, Ban Johnson, the president of a minor league known as the Western League (1894–1899), changed the Western League name to the American League (AL) and asked the National League to classify it as a major league. Johnson held that his league would operate on friendly terms with the National League, but the National League ridiculed the plan. Johnson declared official major league status for his league in 1901.

Plans to add a team in New York City were blocked by the NL's New York Giants. A team was instead placed in Baltimore, Maryland, in 1901 named the Orioles. The Orioles were managed by John McGraw, who was also a part owner. After many personal clashes with Johnson, during the season McGraw jumped to become the new manager of the Giants, taking many players with him. The Orioles limped through the remainder of the season under league control, using a roster of players loaned from the rest of the AL clubs. The Orioles were disbanded at the end of the season.

In early 1903, the two leagues decided to settle their disputes and try to co-exist. At a conference, Johnson requested that an AL team be put in New York, to play alongside the NL's Giants. It was put to a vote, and 15 of the 16 major league owners agreed on it. The franchise was awarded to Frank J. Farrell and William S. Devery.

1903–1912: Move to New York and the Highlanders years

The team's new ballpark, Hilltop Park (formally known as "American League Park"), was constructed in one of Upper Manhattan's highest points—between 165th and 168th Streets in the Washington Heights neighborhood. The team was named the New York Highlanders. Fans believed the name was chosen because of the team's elevated location in Upper Manhattan, or as a nod to team president Joseph Gordon's Scottish-Irish heritage (the Gordon Highlanders were a well known Scottish military unit).

Initially, the team was commonly referred to as the New York Americans. The team was also referred to as the "Invaders" in the '' Evening Journal'' and ''The Evening World''. ''New York Press'' Sports Editor Jim Price coined the unofficial nickname Yankees (or "Yanks") for the club as early as 1904, because it was easier to fit in headlines.

The Highlanders finished second in the AL in 1904, 1906, and 1910. In 1904, they lost the deciding game on a wild pitch to the Boston Americans, who later became the Boston Red Sox. That year, Highlander pitcher Jack Chesbro set the single-season wins record at 41. At this time there was no formal World Series agreement wherein the AL and NL winners would play each other.

1913–1922: New owners, a new home, and a new name: Years at the Polo Grounds

The Polo Grounds, located on the shore of the Harlem River in Washington Heights, was home to the New York Giants of the National League. The Giants were inter-city rivals with the Highlanders, dating back to when Giants manager John McGraw feuded with Ban Johnson after McGraw jumped from the Orioles to the Giants. Polo Grounds III burned down in 1911 and the Highlanders shared Hilltop Park with the Giants during a two-month renovation period. Later, from 1913 to 1922, the Highlanders shared the Polo Grounds with the Giants after their lease with Hilltop Park expired. While playing at the Polo Grounds, the name "Highlanders" fell into disuse among the press. In 1913 the team became officially known as the New York Yankees.

In the mid‑1910s, the Yankees finished towards the bottom of the standings. The relationship between Farrell and Devery became strained due to money issues and the team performance. At the start of 1915, the pair sold the team to Colonel Jacob Ruppert, a brewer, and Captain Tillinghast L'Hommedieu Huston, a contractor-engineer. Ruppert and Huston paid $350,000 () with both men contributing half of the total price. After the purchase, Ruppert assumed the role of team president with Huston becoming team secretary and treasurer.

1923–1935: Sluggers and the Stadium: Ruth, Gehrig, and Murderer's Row

In the years around 1920, the Yankees, the Red Sox, and the Chicago White Sox had a détente. The trades between the three ball clubs antagonized Ban Johnson and garnered the teams the nickname "The Insurrectos". This détente paid off well for the Yankees as they increased their payroll. Most new players who later contributed to the team's success came from the Red Sox, whose owner, Harry Frazee, was trading them for large sums of money to finance his theatrical productions. Pitcher-turned-outfielder Babe Ruth was the most talented of all the acquisitions from Boston, and the outcome of that trade would haunt the Red Sox for the next 86 years, a span in which the team did not win a single World Series championship. This phenomenon eventually became known as the Curse of the Bambino, which was coined by writer Dan Shaughnessy in the 1990 book of the same name.

Ruth's multitude of home runs proved so popular that the Yankees began drawing more people than their National League counterpart, the Giants. In 1921 — the year after acquiring Ruth — the Yankees played in their first World Series. They competed against the Giants, and all eight games of the series were played in the Polo Grounds. After the 1922 season, the Yankees were told to move out of the Polo Grounds. Giants manager John McGraw was said to have commented that the Yankees should "move to some out-of-the-way place, like Queens", but they instead broke ground for a new ballpark in the Bronx, right across the Harlem River from the Polo Grounds. In 1922, the Yankees returned to the World Series again and were dealt a second defeat at the hands of the Giants. Manager Miller Huggins and general manager Ed Barrow were important newcomers in this period. The hiring of Huggins by Ruppert in 1918 caused a rift between the owners that eventually led to Ruppert buying Huston out in 1923.

In 1923, the Yankees moved to their new home, Yankee Stadium, which took 11 months to build and cost $2.5 million (). The team announced that 99,200 fans showed up on Opening Day and 25,000 were turned away. In the first game at Yankee Stadium, Ruth hit a home run. The stadium was nicknamed "The House That Ruth Built", due mainly to the fact that Ruth had doubled Yankees' attendance, which helped the team pay for the new stadium. At the end of the season, the Yankees faced the Giants in the World Series for the third straight year and won their first championship.

In the 1927 season, the Yankees featured a lineup that became known as "Murderers' Row", and some consider this team to be the best in the history of baseball (though similar claims have been made for other Yankee squads, notably those of 1939, 1961 and 1998). That season, the Yankees became the first team in baseball to occupy first place every day of the season, winning 110 games. The team also swept the Pittsburgh Pirates in the World Series. Ruth's home run total of 60 in 1927 set a single-season home run record that stood until it was broken by Roger Maris in 1961, although Maris had eight additional games in which to break the record. Meanwhile, first baseman Lou Gehrig had his first big season, batting .373 with 47 home runs and 175 runs batted in (RBI), beating Ruth's single-season RBI mark which he had set in 1921. The Yankees won the World Series again in 1928.

In 1931, Joe McCarthy, who was previously manager of the Chicago Cubs, was hired as manager and brought the Yankees back to the top of the AL. They swept the Chicago Cubs in the 1932 World Series, and brought the team's streak of consecutive World Series game wins to 12. This series was made famous by Babe Ruth's " Called Shot" in game three of the series at Wrigley Field, in which Ruth pointed to center field before hitting a home run. In 1935, Ruth left the Yankees to join the NL's Boston Braves, and he made his last major league baseball appearance on May 30 of that year.

1936–1951: Joltin' Joe DiMaggio

After Ruth left the Yankees following the 1934 season, Gehrig finally had a chance to take center stage, but it was only one year before a new star appeared, Joe DiMaggio. The team won an unprecedented four straight World Series titles from 1936 to 1939. For most of 1939, however, they had to do it without Gehrig, who took himself out of the lineup on May 2 and retired due to amyotrophic lateral sclerosis, which was later known as "Lou Gehrig's Disease" in his memory. The Yankees declared July 4, 1939 to be "Lou Gehrig Day", on which they retired his number 4, the first retired number in baseball. Gehrig made a famous speech in which he declared himself to be "the luckiest man on the face of the earth." He died two years later on June 2, 1941.

The 1941 season was often described as the last year of the "Golden Era" before the United States entered World War II and other realities intervened. Numerous achievements were made in the early 1940s including Ted Williams of the Red Sox hitting for the elusive .400 batting average and Joe DiMaggio getting hits in consecutive ballgames. By the end of his hitting streak, DiMaggio hit in 56 consecutive games, the current major league record and one often deemed unbreakable.

Two months after the Yankees beat the Brooklyn Dodgers in the 1941 World Series, the first of seven October meetings between the two crosstown rivals before the Dodgers moved to Los Angeles. As a result of the mandatory draft following the Attack on Pearl Harbor, more than 90 percent of the players, including DiMaggio, were forced to suspend their playing careers and enter the military. Despite losing many of their players, the Yankees still managed to pull out a win against the St. Louis Cardinals in the 1943 World Series. Following Jacob Ruppert's death in 1939, his heirs assumed control on the team. In 1945 construction and real estate magnate Del Webb along with partners Dan Topping and Larry MacPhail purchased the team from the Ruppert estate for $2.8 million (equivalent to $ million in ); MacPhail, who was the team president, treasurer, and general manager, was bought out following the 1947 World Series.

After a few slumping seasons, McCarthy left the organization in 1946. A few interim managers later, Bucky Harris took the job, righting the ship and taking the Yankees to a hard-fought series victory against the Dodgers.
Despite finishing only three games behind the Cleveland Indians in the 1948 pennant race, Harris was relieved of his duties and replaced by Casey Stengel, who had a reputation of being a clown and managing bad teams. His tenure as Yankees' field manager, however, was marked with success. The "underdog" Yankees came from behind to catch and surprise a powerful Red Sox team on the last two days of the 1949 season, a face-off that fueled the beginning of the modern Yankees–Red Sox rivalry. By this time, however, DiMaggio's career was winding down, and the "Yankee Clipper" retired after the 1951 season after numerous injuries. This year marked the arrival of Mickey Mantle, who was one of several rookies to fill the gap.

1951–1959: Stengel's Squad

Bettering the clubs managed by Joe McCarthy, the Yankees won the World Series five consecutive times from to under Stengel, which remains an MLB record. Led by players like center fielder Mickey Mantle, pitcher Whitey Ford, and catcher Yogi Berra, Stengel's teams won ten pennants and seven World Series titles in his 12 seasons as the Yankees manager. The title was the only one of those five championships not to be won against either the New York Giants or Brooklyn Dodgers; it was won in four straight games against the Whiz Kids of the Philadelphia Phillies.

In 1954, the Yankees won 103 games, but the Cleveland Indians took the pennant with a then-AL record 111 wins; 1954 was famously referred to as "The Year the Yankees Lost the Pennant". The term was coined by writer Douglass Wallop, who wrote a novel of the same name. The novel was then adapted into a musical called ''Damn Yankees''. In , the Dodgers finally beat the Yankees in the World Series, after five previous Series losses to them. The Yankees came back strong the next year. In Game 5 of the 1956 World Series against the Dodgers, pitcher Don Larsen threw the only perfect game in World Series history, which remains the only perfect game in postseason play and the only postseason no-hitter until 2010.

The Yankees lost the 1957 World Series to the Milwaukee Braves when Lew Burdette won three games for the Braves and was awarded World Series MVP. Following the Series, the New York Giants and the Brooklyn Dodgers both left for San Francisco and Los Angeles, respectively. This left the Yankees as New York's only baseball team. In the 1958 World Series, the Yankees got their revenge against the Braves and became the second team to win the Series after being down 3–1. For the decade, the Yankees won six World Series championships (1950, 1951, 1952, 1953, 1956, 1958) and eight American League pennants (those six plus 1955 and 1957). Led by Mantle, Ford, Berra, Elston Howard (the Yankees' first African-American player), and the newly acquired Roger Maris, the Yankees entered the 1960s seeking to replicate their success of the 1950s.

1960–1964: Mantle and Maris

Arnold Johnson, owner of the Kansas City Athletics, was a longtime business associate of Yankees co-owners Del Webb and Dan Topping. Because of this "special relationship" with the Yankees, he traded young players to them in exchange for cash and aging veterans. Invariably, these trades ended up being heavily tilted in the Yankees' favor, leading to accusations that the Athletics were little more than a Yankees farm team at the major league level. Kansas City had been home to the Yankees' top farm team, the Kansas City Blues, for almost 20 years before the Athletics moved there from Philadelphia in 1954.

In 1960, Charles O. Finley purchased the Athletics and put an end to the trades with the Yankees. At that point, however, the Yankees had already strengthened their supply of future prospects, which included a young outfielder named Roger Maris. In 1960, Maris led the league in slugging percentage, RBI, and extra-base hits. He finished second in home runs (one behind Mickey Mantle) and total bases, and won a Gold Glove, which garnered enough votes for the American League MVP award.

The year 1961 was one of the most memorable in Yankees history. Mantle and Maris hit home runs at a fast pace and became known as the "M&M Boys". Ultimately, a severe hip infection forced Mantle to leave the lineup at the end of the regular season. Maris continued though, and on October 1, the last day of the regular season, he hit home run number 61, surpassing Babe Ruth's single-season home run record of 60. However, MLB Commissioner Ford Frick decreed that since Maris had played in a 162-game season, and Ruth (in 1927) had played in a 154-game season. They were considered two separate records for 30 years, until MLB reversed course and stated Maris held the record alone. His record would be broken by Mark McGwire, who hit 70 home runs in 1998. Maris held the American League record until 2022 when Aaron Judge hit 62.

The Yankees won the pennant with a 109–53 record and went on to defeat the Cincinnati Reds in the 1961 World Series. The team finished the year with 240 home runs, which was an MLB record until surpassed by the 1996 Baltimore Orioles team with 257 home runs. In 1962, the sports scene in New York changed when the National League added an expansion team, the New York Mets. The Mets played at the Giants' former home, the Polo Grounds, for two seasons while Shea Stadium. This restored New York as a city with more than one team, as it had been from the late 1800s until 1957. The Yankees won the 1962 World Series, their tenth in the past sixteen years, defeating the San Francisco Giants 4–3. It was the Yankees' last championship until 1977.

The Yankees easily reached the 1963 World Series when they won the pennant by 10.5 games, but they scored only four runs in the series and were swept by the Los Angeles Dodgers and their ace pitcher, Sandy Koufax. The series was the first between the Yankees and the new Los Angeles Dodgers, after their move in 1958. After the season, Yogi Berra, who had just retired from playing, took over managerial duties. The aging Yankees returned the next year for a fifth straight World Series, but were beaten 4–3 by the St. Louis Cardinals. It would be the Yankees' last World Series appearance until 1976.

1965–1972: New ownership and a steep decline

After the 1964 season, broadcasting company CBS purchased 80% of the Yankees from Topping and Webb for $11.2 million (equivalent to $ million in ). With the new ownership, the team began to decline. The 1965 edition of the team posted a record of 77–85 — the Yankees' first losing record in 40 years. In 1966, the Yankees finished in last place in the AL for the first time since 1912. It also marked their first consecutive losing seasons since 1917 and 1918. The 1967 season was not much better; they finished only ahead of the Kansas City Athletics in the American League. While their fortunes improved somewhat in the late 1960s and early 1970s, they finished higher than fourth only once during CBS' ownership, in 1970.

The Yankees were not able to replace their aging superstars with promising young talent, as they had consistently done in the previous five decades. As early as the 1961–62 off-season, longtime fans noticed that the pipeline of talent from the minor league affiliates had started to dry up. This was worsened by the introduction of the amateur draft that year, which meant that the Yankees could no longer sign any player they wanted. The Yankees was one of four teams who voted against the establishment of the draft. While the Yankees usually drafted fairly early during this period due to their lackluster records, Thurman Munson was the only pick who lived up to his billing.

1973–1981: Steinbrenner, Martin, Jackson, and Munson: the Bronx Zoo

A group of investors, led by Cleveland-based shipbuilder George Steinbrenner (1930–2010), purchased the club from CBS in 1973, for $8.7 million (equivalent to $ million in ). E. Michael Burke, who assumed the role of team president in 1966, resigned as president in April but stayed with the organization as a consultant to the owner. Within a year, Steinbrenner bought out most of his other partners and became the team's principal owner, although Burke continued to hold a minority share into the 1980s.

One of Steinbrenner's major goals was to renovate Yankee Stadium. Both the stadium and the surrounding neighborhood had deteriorated by the late 1960s. CBS initially suggested renovations, but the team needed to play elsewhere, and the Mets refused to open their home, Shea Stadium

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