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This Day in MLB History: January 3

1911 - The National Commission adopts a rule that bars World Series winners from playing post-season exhibition games. This ruling will lead to a direct confrontation between Babe Ruth and Commissioner Kenesaw Landis in 1921.

1920 - The secret deal to sell Babe Ruth to the Yankees for $125,000 is announced publicly. The $125,000 is twice the amount every previously paid for a player. Red Sox owner Harry Frazee also secured a $350,000 loan from the Yankees as part of the deal.

1961 - Frank Lane re-signs as general manager of Cleveland to take the same post with the Kansas City Athletics.