Today in Baseball History: February 1st

1995 On February 1, 1995, talks resume between the major league owners and the striking Players' Association. The owners agree to drop their demand for a salary cap, replacing it with a proposal for a luxury tax.

1973 On February 1, 1973, Monte Irvin is elected to the Hall of Fame by the Special Committee on the Negro Leagues. Irvin becomes the fourth player to gain election through the committee, joining Satchel Paige, Josh Gibson, and Buck Leonard. Irvin won two batting crowns for the Newark Eagles before joining the New York Giants.

1947 On February 1, 1947, Commissioner A.B. "Happy" Chandler announces the creation of a pension plan for American and National League players. Players who have accumulated five seasons in the major leagues will receive $50 a month starting at the age of 50. For each year of additional service, a player will receive an extra $10 per month, up to a maximum of $100.

1928 On February 1, 1928, former playing and managing standout Hugh Jennings dies at the age of 58. The future Hall of Famer batted .311 over a 17-year career, including a career-high .401 in 1896. He also managed the Detroit Tigers to American League pennants from 1907 to 1909.

1926 On February 1, 1926, the New York Yankees sell first baseman Wally Pipp to the Cincinnati Reds. In 1925, an injury had forced Pipp out of the Yankees' lineup, resulting in his replacement by future Hall of Famer Lou Gehrig.

1914 On February 1, 1914, an exhibition game involving major league teams takes place in Cairo, Egypt. The game is part of a special world tour. The Chicago White Sox and New York Giants play to a 10-inning, 3-3 tie.