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- Hank Bauer's bases-loaded triple propels the New York Yankees to a 4-3 win over the Giants and with it their 3rd straight championship. The Yankees beat the New York Giants 4 games to 2. Just before the game, Giants manager Leo Durocher turns over a letter he received to Ford Frick that offer the Giants manager a $15,000 bribe "if the Giants managed to lose the next 3 games."
- The Yankees win their first World Series championship since 1953 as the Yankees' Johnny Kucks sets down the Brooklyn Dodgers 9-0. Yogi Berra hits a pair of 2-run home runs and Bill Skowron hits a grand slam. Don Newcombe takes the loss, his fourth in Series competition. It was the last World Series game being played at Brooklyn's Ebbets Field.
- In game seven of the World Series, and for the third time in the Series, Mickey Lolich of the Detroit Tigers bests Bob Gibson of the St. Louis Cardinals. This is Detroit's first title since 1945. Lolich hurls a five-hitter, giving Detroit a 4–1 win, and is named Series MVP.
- The New York Mets, lead by starting pitcher Tom Seaver, defeat the Cincinnati Reds, 7-2, in the fifth and final game of the NLCS, sending the Mets to their second World Series.
- The St. Louis Cardinals advance to the NLCS for the third time in five years, beating the Los Angeles Dodgers 6-2.
- Ken Caminiti, 1996 National League MVP and notorious steroid and drug abuser, dies.
- Rookie Ervin Santana pitches 5 1/3 strong innings in his postseason debut, Garret Anderson hits a home run and drives in two runs, and Adam Kennedy hits a go-ahead two-run triple, to lead the Angels over the New York Yankees 5–3 in the decisive Game Five of their Division Series.
- The Philadelphia Phillies fire Ed Wade after eight years as general manager.
- At a charity golf event, Jim Beattie tells people that he will not be returning as the executive vice president of baseball operations for the Baltimore Orioles. Mike Flanagan will take over the full-time duties that he shared with Beattie.
- Brett Favre, National Football League quarterback, Green Bay Packers, is born in Gulfport, Mississippi.