The 1913 squad, the first that went by the name "Yankees"
The history of the New York Yankees Major League Baseball (MLB) team spans more than a century. Frank J. Farrell and William Stephen Devery bought the rights to an American League (AL) club in New York City after the 1902 season. The team, which became known as the Yankees in 1913, rarely contended for the AL championship before the acquisition of outfielder Babe Ruth after the 1919 season. With Ruth in the lineup, the Yankees won their first AL title in 1921, followed by their first World Series championship in 1923. Ruth and first baseman Lou Gehrig were part of the team's Murderers' Row lineup, which led the Yankees to a then-AL record 110 wins and a Series championship in 1927 under Miller Huggins. They repeated as World Series winners in 1928, and their next title came under manager Joe McCarthy in 1932.
The Yankees won the World Series every year from 1936 to 1939 with a team that featured Gehrig and outfielder Joe DiMaggio, who recorded a record hitting streak during New York's 1941 championship season. New York set a major league record by winning five consecutive championships from 1949 to 1953, and appeared in the World Series nine times from 1955 to 1964. Mickey Mantle, Yogi Berra, and Whitey Ford were among the players fielded by the Yankees during the era. After the 1964 season, a lack of effective replacements for aging players caused the franchise to decline on the field, and the team became a money-loser for owners CBS while playing in an aging stadium.
George Steinbrenner bought the club in 1973 and regularly invested in new talent, using free agency to acquire top players. Yankee Stadium was renovated and reopened in 1976 as the home of a more competitive Yankees team. Despite clubhouse disputes, the team reached the World Series four times between 1976 and 1981 and claimed the championship in 1977 and 1978. New York continued to pursue their strategy of signing free agents into the 1980s, but with less success, and the team eventually sank into mediocrity after 1981. In the early 1990s, the team began to improve as their roster was rebuilt around young players from their minor league system, including Derek Jeter and Mariano Rivera. After earning a playoff berth in 1995, the Yankees won four of the next five World Series, and the 1998–2000 teams were the last in MLB to win three straight Series titles.
As the 2000s progressed, the Yankees' rivalry with the Boston Red Sox increased in intensity as the sides met multiple times in the American League Championship Series (ALCS), trading victories in 2003 and 2004. New York regularly reached the postseason, but were often defeated in the first two rounds. In 2009, the Yankees opened a new Yankee Stadium and won the World Series for the 27th time in team history, an MLB record. The Yankees appeared in the ALCS four times during the 2010s and again in 2022, but lost on each occasion.
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