3rd A group of investors, headed by shipbuilder George Steinbrenner, purchases the New York Yankees from CBS for $10 million.
10th In the January amateur draft, the Phillies pick Dick Ruthven, who will jump right to the majors, the Rangers take C Jim Sundberg, and the Cubs pick RHP Donnie Moore. The Reds pick Southern Miss punter Ray Guy on the 3rd round, but he chooses the NFL instead.
11th Cincinnati attorney Louis Nippert assumes control of the Reds when he purchases 51% of the stock from the Gamble and Williams families. Nippert was part of the group that bought the Reds in 1966. Nippert will continue his ownership until he is appointed ambassador to Switzerland in December of 1973.
18th Orlando Cepeda signs with the Boston Red Sox, making him the first player signed by a team as a designated hitter.
24th Warren Spahn is elected to the Hall of Fame in his first try on the BBWAA ballot, receiving 316 of 380 votes.
28th The Hall of Fame Special Veterans Committee selects 19th-century players Mickey Welch and George Kelly, plus umpire Billy Evans, for e756nshrinement.