January 29: Baseball signs a six-year All-Star game pact for TV-radio rights for $6 million. A number of owners criticize lame-duck Commissioner Happy Chandler, believing that in a couple of years, the broadcast rights would be worth much more than $1 million per annum.
August 11: The New York Giants fall 13 games behind in the National League standings. Following this nadir, the Giants go 37-8 over their last 45 games in one of baseball's most famous comebacks. This enables them to tie their crosstown rivals Brooklyn Dodgers for first place and forces a playoff series.
August 19: 3' 7" Eddie Gaedel becomes the only midget to play in a major league game, pinch-hitting and drawing a walk in his lone plate appearance.
October 4: National League Playoff: The New York Giants and the Brooklyn Dodgers finished the season tied for first place. The Giants then won a playoff series, 2 games to 1. In the final game, when all seemed lost for the Giants, Bobby Thomson hit a dramatic three run homer in the bottom of the ninth inning to give the Giants a 5 to 4 victory and the National League pennant.