The Dodgers had the cash. The Cardinals had the players. That combination led the National League rivals to make their second significant transaction of the year at the end of 1940.
On Dec. 4, 1940, the Cardinals dealt the best young catcher in the league, Mickey Owen, to the Dodgers for $65,000, catcher Gus Mancuso and minor-league pitcher John Pintar.
Six months earlier, on June 12, 1940, the Cardinals had sent left fielder Joe Medwick to the Dodgers for $125,000 and four players whom a writer described as “a few ham sandwiches.”
The Dodgers, who hadn’t won a pennant since 1920, were willing to spend lavishly to acquire the talent needed to become champions.
The Cardinals, confident their farm system could replenish their big-league roster, were willing to deal players at their peak market value to increase profitability.
Also, Cardinals executive Branch Rickey had an incentive to trade players for cash because his contract called for him to get a percentage of the sale as remuneration in addition to his salary.
Daring Dodgers
After the 1940 season, Dodgers president Larry MacPhail spoke openly of his intention to acquire Owen.
Babe Phelps, 32, had been the primary catcher for the 1940 Dodgers. He hit .295 and was named an all-star for the third time in his 11-year career in the big leagues. The Dodgers, though, wanted a younger catcher with a better arm, better defensive skills and more agility than the lumbering Phelps, who was nicknamed “Blimp.” Owen, 24, met the criteria.
Owen entered the big leagues with the 1937 Cardinals and became their starting catcher in 1938. In four seasons with St. Louis, Owen hit .257. His prime asset was his ability to deter stolen base attempts.
In 1938, Owen ranked third among National League catchers in percentage of runners caught stealing (50.9 percent). Owen was the league leader in that category in both 1939 (61.1 percent) and 1940 (60.4 percent).
By comparison, Phelps caught 33.3 percent of runners attempting to steal in 1940.
Bidding battle
Owen “is No. 1 on the MacPhail shopping list because of his youth and speed. Larry, however, isn’t at all confident of landing the fiery Redbird receiver,” The Sporting News reported.
The Giants and Cubs also wanted Owen. Rickey and Cardinals owner Sam Breadon were delighted to have multiple bidders for him. They had a hard-hitting catcher at their Columbus farm club, Walker Cooper, who was deemed ready to replace Owen.
The Cardinals “will be on the listening end of one of the most interesting _ and profitable _ bidding contests in a long time,” The Sporting News reported. “… Cardinals chieftains need only to sit back and let the other fellows do the talking and bidding … They couldn’t have done better if they had written the plot themselves.”
At the baseball winter meetings in Atlanta, the Cubs reportedly made an aggressive play for Owen. MacPhail quickly countered and sealed the deal by increasing the cash offering.
Cash trumps talent
Some were surprised the Cardinals settled for Mancuso instead of Phelps in the deal.
Mancuso, 35, who began his big-league career with the 1928 Cardinals and played in the World Series for them in 1930 and 1931, hit .229 as backup to Phelps for the 1940 Dodgers. Pintar, 27, a right-hander, posted an 11-9 record and 2.77 ERA for the Dodgers’ Texas League affiliate in Dallas.
“At first glance, it looked like the Dodgers benefitted most” with the Cardinals “getting the money they like so well,” Judson Bailey of the Associated Press wrote. Bailey called Owen “a smart defensive player and the kind of aggressive worker that (Dodgers) manager Leo Durocher likes.”
In The Sporting News, Dodgers correspondent Tommy Holmes opined, “Everybody knew MacPhail wanted Owen … What no one expected was that Mickey would come to the Dodgers for so small an outlay of useful playing material. It seems Sam Breadon … preferred the cash.”
Why not? The $190,000 the Cardinals got from the Dodgers for Medwick and Owen was a staggering sum. In 1940, the highest-paid player in the big leagues was Tigers slugger Hank Greenberg at $35,000. The average player salary in the 1940s was $11,000.
Advantage, Cardinals
In the short term, the deal worked well for both teams. In the long term, the Cardinals did better.
With Medwick and Owen as regulars, the 1941 Dodgers finished 100-54 and won the pennant, 2.5 games ahead of the second-place Cardinals (97-56).
Medwick batted .318 with 18 home runs, 88 RBI and 100 runs scored for the 1941 Dodgers.
Owen was second in the league in fielding percentage among catchers and fourth in percentage of runners caught stealing (51.8). He was named an all-star for the first time and hit .231 with 44 RBI.
In the 1941 World Series against the Yankees, Owen failed to catch a third strike pitch with two outs in the ninth inning that should have clinched a 4-3 Dodgers victory in Game 4 and evened the series at 2-2. Instead, the Yankees rallied, won the game, 7-4, and went on to secure the championship with four wins in five games.
Mancuso and Cooper formed an effective catching platoon for the 1941 Cardinals. Mancuso ranked No. 1 among National League catchers in percentage of runners caught stealing (69.2 percent) and Cooper was fifth (51.4 percent).
Cooper was the starting catcher on Cardinals clubs that won three consecutive pennants (1942-44) and two World Series titles.
Previously: How Joe Medwick got traded by Cardinals to Dodgers
RetroSimba 
The money the Cardinals received for trading Owen was quite a sum. By today’s standard, it would be close to 1.2 million dollars. Too bad he’s remembered for that error in the World Series. If I’m not mistaken, during the regular season he set a record for most consecutive chances by a catcher without an error. I didn’t know that he signed with the Mexican League. In, fact in following up on this, I came across a story where Owen tried to convince Musial to join him. Glad Stan said no.
Thanks for doing the calculation on the sum the Cardinals would have received in 2019 dollars for Mickey Owen. In his 1964 autobiography, Stan Musial said Owen was the emissary for the Pasquel brothers of the Mexican League. Musial said Alfonso Pasquel and Mickey Owen came to him in his hotel apartment in St. Louis and “plunked five cashier’s checks for $10,000 each onto a bed and said I could consider them a bonus.” Musial said they were prepared to offer him a contract for an additional $125,000 over five years. With the bonus, the total offered was $175,000. Musial said his Cardinals salary at the time was $13,500. Musial rejected the offer. About 60 years later, when Albert Pujols was faced with a similar situation, he abandoned the Cardinals and signed with the Angels.
[…] in 1939 and 1940, taking down 61 and 60 percent (respectively). Despite his consistent play, the Cardinals traded Owen to the Brooklyn Dodgers in December 1940 for $65,000, catcher Gus Mancuso and minor-league pitcher John […]