2nd Cubs 2B Ryne Sandberg becomes the highest paid player in baseball history when he agrees to a 4-year contract extension worth $28.4 million.
6th Yankees P Pascual Perez is suspended for one year for violation of baseball’s drug policy.
10th Pirates get OF Kirk Gibson from the Royals in exchange for P Neal Heaton.
12th Yankees VP and chief administrative officer Joseph Molloy, son-in-law of principal owner George Steinbrenner, is elected as new managing general partner of the club.
16th Angels P Matt Keough is hit in the head by a batted ball during an exhibition game in Scottsdale, Arizona. He is taken to the hospital and undergoes emergency surgery to remove a blood clot.
The Pirates trade P John Smiley to the Twins in exchange for P Denny Neagle and OF Midre Cummings.
17th Pitcher Hal Newhouser and umpire Bill McGowan are elected to the Baseball Hall of Fame by the Veterans Committee.
18th Georgina Thompson of Wellington, Kansas, is jailed on a charge of contracting a hit man to murder her common-law husband. She used her husband’s baseball card collection as a down payment to the hit man.
Negotiations between players and management produce an agreement ending the owners’ lockout.
27th The Brewers trade IF Gary Sheffield and P Geoff Kellogg to the Padres in exchange for P Ricky Bones, SS Jose Valentin and OF Matt Mieske.
A lawsuit is filed against Mets P David Cone by 3 women charges him with exposing himself to them while in the bullpen at Shea Stadium.
30th The Cubs trade OF George Bell to the White Sox in exchange for OF Sammy Sosa and P Ken Patterson.