History
The New York Yankees started this tradition in the late 1930s, when they held individual days to celebrate the lives of Lou Gehrig and Babe Ruth while each was near death, but still very much beloved by their fans. Quite possibly the most well-known of the early Old-Timers' Days is Lou Gehrig Day, held on July 4, 1939. After hearing tearful speeches from friends and former teammates who had seen his career cut short by the illness, ALS, which would come to bear his name, Gehrig delivered a short speech referred to by many as the Gettysburg Address of baseball. Gehrig's declaration that he was the luckiest man on the face of the earth is thought by many to be the most famous line ever uttered by a baseball player.
Read more about this topic: Old-Timers' Day
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