Free agent 2B Whitey Lockman has been signed to a contract of $4,000,000 per year, for 2 years.
Thursday 2/16/1961 :
Free agent LF Dick Gernert has been signed to a contract of $10,000,000 per year, for 3 years. Free agent C Jack Shepard has been signed to a contract of $7,000,000 per year, for 2 years. Whitey Lockman was assigned to the active roster. Dick Gernert was assigned to the active roster. Jack Shepard was assigned to the active roster. Billy Shantz has been designated for assignment. Billy Shantz was placed on irrevocable waivers. Billy Shantz was assigned to AAA Richmond Shippers. Billy Shantz was removed from waivers.