Did Harry Frazee Really Sell Babe Ruth to Finance a Musical That Then Flopped?
Here is the latest in a series of examinations into urban legends about baseball and whether they are true or false. Click here to view an archive of the baseball urban legends featured so far.
BASEBALL URBAN LEGEND: Harry Frazee sold Babe Ruth to the Yankees to (among other things) finance a musical called No No, Nanette that proceeded to flop!
As noted in this earlier Baseball Urban Legends Revealed, Red Sox owner Harry Frazee decided to trade his star player, Babe Ruth, after the 1919 season (a season where the Red Sox finished sixth out of eight teams), when Ruth demanded that his salary be doubled to $20,000.

Ultimately, Frazee accepted an offer from the New York Yankees for over $100,000 in cash, plus three $25,000 notes that would be paid out over the next six years PLUS a $300,000 mortgage on Fenway Park (Frazee had just purchased the park to protect him from being forced out as owner of the Red Sox if the other owners turned on him, as he would own the park where the Red Sox played).
At the time, Frazee actually made a strong argument as to why he made the deal…
I should have preferred to take players in exchange for Ruth, but no club could have given me the equivalent in men without wrecking itself, and so the deal had to be made on a cash basis. No other club could afford to give me the amount the Yankees have paid for him, and I don’t mind saying I think they are taking a gamble. With this money the Boston club can now go into the market and buy other players and have a stronger and better team in all respects than we would have had if Ruth had remained with us.
You have to admit, that’s a pretty strong argument.
Of course, Frazee did NOT spend the money on his club, at least not to the extent that he said he would, and the Red Sox became worse and worse over the next few years.
Frazee also happened to be a major investor in the world of the theater.
Perhaps his most famous production was the musical, No, No, Nanette, a 1925 hit (that has been revived and turned into films more than a few times) that featured the song “Tea for Two,” which is STILL famous today…

There are lots of rumors and half truths when it comes to Frazee’s involvement in the theater and its relationship with the Babe Ruth deal, most prominently that Frazee sold off Ruth to pay for the musical No, No Nanette and then saw the musical flop.
Are those rumors true?
Read the rest of this entry »


















