In 1997, Wells signed as a free agent with the New York Yankees, his favorite team because of a lifelong interest in baseball legend Babe Ruth. He asked for uniform number 3, Ruth's long-retired number, and was of course denied. He ended up taking 33 for the Yankees. On June 28, 1997, Wells took the mound wearing an authentic 1934 Babe Ruth hat, which he had bought for $35,000. Manager Joe Torre made Wells take it off after the first inning because it didn't conform to uniform standards. He also fined Wells $2,500, which Wells was happy to pay and later said it was a small price to pay for the thrill of wearing the hat on the field even for one inning--even though Wells then blew a 3–0 lead as the Cleveland Indians won 12–8. After posting a 16–10 mark in 1997, Wells pitched very well in the Yankees' record-setting 1998 season. He rang up an 18–4 record, finished fifth in the league in ERA (3.49), was third in voting for the Cy Young Award, and won a second World Series ring.