On June 1, 1983, Murcer hit his 100th home run at Yankee Stadium, which was the 252nd and final home run of his career. His retirement on June 20, 1983, was hastened by the Yankees wanting to bring up rookie first baseman/outfielder Don Mattingly. Murcer, fittingly, was the last active player to have been a playing teammate of Mickey Mantle. His final game came on June 11, 1983. On August 7, 1983, the Yankees honored his years in pinstripes with "Bobby Murcer Day". Since baseball's contracts are guaranteed Murcer collected the remainder of his contract (estimated at $360,000 a year) through 1984.