Notable transactions

• November 22, 1975: Pat Dobson was traded by the Yankees to the Cleveland Indians for Oscar Gamble.^[1]
• December 11, 1975: Doc Medich was traded by the Yankees to the Pittsburgh Pirates for Dock Ellis, Ken Brett and Willie Randolph.^[1]
• December 11, 1975: Bobby Bonds was traded by the Yankees to the California Angels for Mickey Rivers and Ed Figueroa.^[1]
• January 27, 1976: Walt Williams was released by the Yankees.^[2]
• March 29, 1976: Ed Brinkman was released by the Yankees.^[3]

Season standings

Record vs. opponents

Season summary

The Yankees won 97 games in 1976 and captured the Eastern Division title of the American League, marking their first postseason appearance since 1964. Two monumental things happened as the season opened. First, the club returned to Yankee Stadium to play home games, with a special pre-game ceremony for the April 15 home opener that included Joe DiMaggio, Mickey Mantle, Whitey Ford, Don Larsen, and the widows of Babe Ruth and Lou Gehrig. Eighty-five-year-old Bob Shawkey, who had pitched in the stadium in its opening season of 1923, threw out the first pitch, and the Bronx Bombers defeated Minnesota 11–4. Second, the team announced that Thurman Munson would serve in the role of team captain. This was significant because no Yankee player had been captain since the death of Gehrig in 1941.

The team started fast with a 10–3 record in April, including a 5–1 West Coast swing through California and Oakland. On May 20, they authored another memorable chapter in their on-going rivalry with the Boston Red Sox. Lou Piniella collided with Carlton Fisk at home plate, igniting a huge bench-clearing brawl during which Graig Nettles injured Bill Lee's pitching arm.

By mid-June, the club had built a 7-game lead. On the June 15 trading deadline, they made two significant moves to secure post-season success. First, they completed a 10-player deal with Baltimore, upgrading the pitching staff by acquiring starters Ken Holtzman and Doyle Alexander. Second, they were sold the rights to all-star pitcher Vida Blue from Oakland for $1.5 million. However, Commissioner Bowie Kuhn, invoking the "best interests in baseball clause", invalidated the sale of Blue, returning him to Oakland.

In July, six players represented the team in the All-Star Game in Philadelphia: Thurman Munson, who was elected to start by the fans; Chris Chambliss; Catfish Hunter; Willie Randolph; Mickey Rivers; and Sparky Lyle. By the end of the month, their lead in the division ballooned to 14½ games. In August, they continued to cruise towards the division title, and took part in a marathon 19-inning affair with Minnesota. By September, the club was poised to secure the spot in the American League Championship Series, and did so on September 25 by defeating the Detroit Tigers 10–6 to clinch the division title.

Monument Park

The Yankees opened "Monument Park" at the stadium in 1976. The origin of Monument Park is dated back to May 30, 1932, when the Yankees dedicated a monument to former manager Miller Huggins. The monument was placed it in front of the flagpole in center field at Yankee Stadium. Huggins was the first of many Yankees players granted this honor.

Postseason

The Yankees ended the season with a 97–62 record, best in the American League and third best overall in all of major league baseball. In the ALCS, they beat the Kansas City Royals in 5 games. In Game 5, Chris Chambliss hit a memorable walk off home run to clinch the pennant for the Yankees, sending them to the World Series for the first time since 1964. The most memorable moment about the home run was the fans coming onto the field and mobbing Chambliss, and in the process, stealing bases to keep as souvenirs. A rule was later put into place to prevent fans from coming onto the field of play during a home run, dubbed the Chris Chambliss rule. Like their arch-rivals the Red Sox did in the 1975 World Series, the Yankees lost the World Series to the dominant Cincinnati Reds. However, this World Series was much more lopsided than the previous one, as the Yankees were swept, 4 games to 0, by the Reds and were outscored 22–8 in the process.

Aftermath

The 1976 Yankees saw the team restore the franchise to glory following the mismanaged years when CBS owned the club and failed to finish in the top half of the league or division from 1965 through 1972. Owner George Steinbrenner delivered on his promise to return the Yankees to greatness, and the fans responded as attendance reached over 2 million for the first time since 1950. Munson won the American League MVP, hitting .302 with 105 RBI. Munson became the first, and until Aaron Judge in 2022, only Yankee player ever to win the MVP and the Rookie of the Year award while wearing the Yankees uniform.

However, the loss to Cincinnati in the World Series only consumed Steinbrenner to try to further improve the ball club. Thanks to the Seitz decision which made the reserve clause obsolete, Steinbrenner took advantage of the new era of free agency. In an era where other owners such as Charlie Finley were unwilling to spend money to keep players, and other clubs were still run by families not ready for the 'balance sheet' era of sports ownership, Steinbrenner ushered in the big salary era of sports by signing Reggie Jackson to a five-year contract worth just under $3 million. The idea of bringing in Jackson for 1977 would be to try to put the Yankees over the top.

Still, the 1976 version of the Yankees marked a return of prominence to the organization. It marked the first of three consecutive American League titles, and a stretch of six seasons where the club won five division titles, four league championships, and two World Series titles.

Notable transactions

• May 16, 1976: Larry Gura was traded by the Yankees to the Kansas City Royals for Fran Healy.^[1]
• May 18, 1976: Ken Brett and Rich Coggins were traded by the Yankees to the Chicago White Sox for Carlos May.^[4]
• June 8, 1976: Pat Tabler was drafted by the New York Yankees in the 1st round (16th pick) of the 1976 Major League Baseball draft.^[5]
• June 15, 1976: Rudy May, Tippy Martinez, Dave Pagan, Scott McGregor, and Rick Dempsey were traded by the Yankees to the Baltimore Orioles for Ken Holtzman, Doyle Alexander, Grant Jackson, Ellie Hendricks, and Jimmy Freeman.^[1]
• July 10, 1976: The Yankees obtained Gene Locklear from the San Diego Padres for a player to be named later. The Yankees completed the deal by sending Rick Sawyer to the Padres on July 31.^[1]
• August 1, 1976: Jim York was released by the Yankees.^[1]
• August 31, 1976: Rafael Santana was signed as an amateur free agent by the Yankees.^[6]
• September 1, 1976: César Tovar was signed as a free agent by the Yankees.^[1]

Roster

Batting

Pitching

ALCS

After splitting the first two games with the Western Division champion Royals in Kansas City, the Yankees returned home to try to capture the pennant. The two clubs split the next two games as well, setting up a deciding Game Five showdown. The Yankees had a 6–3 lead after seven innings, but the Royals rallied for 3 runs in the top of the 8th to tie the game at 6–6. Then in the bottom of the ninth, Chris Chambliss hit the first pitch thrown by Mark Littell over the right field wall for the game-winning walk-off home run. Of course, it was anything but a walk-off, as fans stormed the field with delight, making it nearly impossible for Chambliss to round the bases. The win put the Bombers into the World Series for the first time since 1964.

Game 1

October 9, 1976, at Royals Stadium

Game 2

October 10, 1976, at Royals Stadium

Game 3

October 12, 1976, at Yankee Stadium

Game 4

October 13, 1976, at Yankee Stadium

Game 5

October 14, 1976, at Yankee Stadium

World Series

The Yankees were confident heading into the Fall Classic, but proved to be little match for their opponents. The Cincinnati Reds were the defending world champions, and were making their fourth World Series appearance over a seven-year span. The Big Red Machine dominated the series, sweeping the Yankees in four straight games.