Little League World Series: Long Beach, California; title awarded following loss to team from Zamboanga City, Mindanao, Philippines, which was later disqualified
Summer Olympic Games at Barcelona, Spain: Cuba (Gold), Chinese Taipei (Silver), Japan (Bronze)
March 2 - Chicago Cubs second baseman Ryne Sandberg becomes the highest-paid player in major league history when he agrees to a four-year contract extension worth $28.4 million.
March 17 - Pitcher Hal Newhouser and umpire Bill McGowan are elected to the Baseball Hall of Fame by the Veterans Committee.
July 7 - Andy Van Slyke of the Pittsburgh Pirates becomes the first outfielder in nearly 18 years to record an unassisted double play, in the Pirates' 5–3 win over the Houston Astros. Van Slyke races in from center field to catch a fly ball, then continues in to double up Ken Caminiti, who was running from second base on the play.
September 7 - After receiving an 18-9 no-confidence vote from the owners, Commissioner Fay Vincent has no other choice but to resign. Vincent is soon replaced by Milwaukee Brewers president Bud Selig on what is meant to be an interim basis.
October 24 - The Toronto Blue Jays clinch their first World Series championship with a 4–3 win over the Atlanta Braves in Game 6. Dave Winfield's 2–out, 2–run double in the top of the 11th gives Toronto a 4–2 lead. The Braves score one run in the bottom half of the inning and have the tying run on 3rd when the final out is made. Jimmy Key wins the game in relief, and Candy Maldonado homers for Toronto. Blue Jays catcher Pat Borders, with a .450 batting average, is named the Series MVP. The Toronto Blue Jays finish the season without being swept in any series.
November 16 - The Rockies sign free agent first baseman Andrés Galarraga, who rejoins Don Baylor, his hitting coach with the St. Louis Cardinals. Galarraga is coming off his second injury-plagued year, having missed 44 days of the season after being hit on the wrist by a Wally Whitehurst pitch in the 3rd game of the season.
November 17 - Major League Baseball holds an expansion draft to stock the rosters of the National League's two new teams, the Florida Marlins and Colorado Rockies. A total of 72 players are chosen. The best picks for Florida are Trevor Hoffman, eventually packaged for Gary Sheffield; Jeff Conine, and Cris Carpenter, later dealt to the Texas Rangers for Robb Nen. For Colorado, their best picks are Eric Young, Joe Girardi, Vinny Castilla, Armando Reynoso, Andy Ashby, Brad Ausmus, Charlie Hayes and Doug Bochtler. The next season, Ashby, Ausmus and Bochtler will go to the San Diego Padres in an ill-fated deal for pricey veteran pitchers Bruce Hurst and Greg Harris.
February 26 - Jean R. Yawkey, 83, majority owner of the Boston Red Sox since 1976
April 23 - Deron Johnson, 53, first and third baseman who led the NL in RBI in 1965; later a coach
April 24 - Elio Chacón, 55, Venezuelan middle infielder who led the New York Mets in stolen bases in their 1962 inaugural season
April 25 - Bob Hazle, 61, Milwaukee Braves' outfielder in 1957 (became known as "Hurricane Hazle" who batted .403 (7-27) in 41 games and 134 at-bats and helped the Braves win the World Championship that year
April 27 - Harlond Clift, 79, All-Star third baseman for the St. Louis Browns who was the first man at his position to hit 30 home runs; scored 100 runs seven times, and set records with 405 assists in 1937 and career mark of 309 double plays
June 4 - Carl Stotz, 82, founder of Little League Baseball in 1939 who left the organization in 1955 in a litigious leadership dispute, shortly after serving as a pallbearer at Cy Young's funeral
June 15 - Eddie Lopat, 73, All-Star pitcher who combined with Allie Reynolds and Vic Raschi to form the heart of the Yankees' rotation through five World Series championships from 1949-53; led AL in ERA and winning percentage in 1953
June 27 - Sandy Amorós, 62, Cuban left fielder for the Brooklyn Dodgers, best remembered for a spectacular catch in Game 7 of the 1955 World Series
September 5 - Billy Herman, 83, Hall of Fame second baseman for the Cubs and Dodgers who batted .304 lifetime, scored 100 runs five times and led the NL in hits, doubles and triples once each and in putouts seven times; later a coach, minor league manager and scout
September 22 - Aurelio López, 44, All-Star relief pitcher who had two seasons of 20 saves for the Detroit Tigers
October 19 - Atley Donald, 82, New York Yankees pitcher who had a lifetime record of 65-33, a winning percentage of .663
October 22 - Red Barber, 84, broadcaster for the Reds, Dodgers and Yankees from 1934 to 1966 who, along with Mel Allen, won the first Ford Frick Award from the Hall of Fame
November 5 - Rod Scurry, 36, relief pitcher for the Pirates who had 14 saves in 1982
November 10 - Chuck Connors, 71, first baseman for the 1951 Cubs who gained stardom as an actor on the television series The Rifleman
December 12 - Rube Walker, 66, backup catcher for the Cubs and the Dodgers, later a pitching coach for the Senators, Mets and Braves
December 28 - Sal Maglie, 75, All-Star pitcher for all three New York teams during the 1950s whose hardnosed style personified the rivalry between the franchises; led NL in wins and ERA once each