Babe Ruth Yankees owners quickly pursued the purchase. Frazee sold the rights to Babe Ruth for $100,000, the largest sum ever paid for a baseball player. The deal also involved a $350,000 loan from Ruppert to Frazee, secured by a mortgage on Fenway Park. Once it was agreed, Frazee informed Barrow, who, stunned, told the owner that he was getting the worse end of the bargain. Cynics have suggested that Barrow may have played a larger role in the Ruth sale, as less than a year after, he became the Yankee general manager, and in the following years made a number of
Major League Baseball Most Valuable Player Award important and useful player to the club and to the league". Since the award was not as effective at advertising as Chalmers had hoped, it was discontinued after 1914. In 1922 the American League created a new award to honor "the baseball player who is of the greatest all-around service to his club". Winners, voted on by a committee of eight baseball writers chaired by James Crusinberry, received a bronze medal and a cash prize. Voters were required to select one player from each team and player-coaches and prior award winners were ineligible. Famously, these criteria resulted in Babe Ruth