| Monday, September 1st, 1997 |
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| Placed 3B Wade Boggs on the active roster. | | Activated 3B Wade Boggs from the disabled list. |
| Wednesday, January 15th, 1997 |
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| Placed 1B Don Mattingly on the active roster. |
| Monday, December 16th, 1996 |
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| Signed free agent 1B Don Mattingly to a 2-year contract worth a total of $3,970,000. |
| Monday, November 11th, 1996 |
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| MR Bryan Harvey becomes a free-agent. | | SS Neifi Perez received a 1-year contract through automatic renewal worth a total of $300,000. | | SP Travis Driskill received a 1-year contract through automatic renewal worth a total of $300,000. | | 3B Scott Cooper becomes a free-agent. | | C Doug Lindsey received a 1-year contract through automatic renewal worth a total of $300,000. | | CL Larry Casian becomes a free-agent. | | SS Miguel Tejada received a 1-year contract through automatic renewal worth a total of $300,000. | | SP Ron Frazier received a 1-year contract through automatic renewal worth a total of $300,000. | | MR Albie Lopez received a 1-year contract through automatic renewal worth a total of $300,000. | | SP Rick Helling received a 1-year contract through automatic renewal worth a total of $300,000. | | CF Jason McFarlin received a 1-year contract through automatic renewal worth a total of $300,000. | | LF Eric Owens received a 1-year contract through automatic renewal worth a total of $300,000. | | SP Carlos Reyes received a 1-year contract through automatic renewal worth a total of $300,000. | | 2B Kazuo Matsui received a 1-year contract through automatic renewal worth a total of $300,000. | | SP Jaret Wright received a 1-year contract through automatic renewal worth a total of $300,000. | | Placed C Doug Lindsey on the active roster. | | Activated C Doug Lindsey from the 60-day disabled list. |
| Friday, November 8th, 1996 |
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| CL Mariano Rivera received a 1-year contract through arbitration worth a total of $460,000. | | RF Ichiro Suzuki received a 1-year contract through arbitration worth a total of $5,500,000. | | C Todd Hundley received a 1-year contract through arbitration worth a total of $550,000. | | SP Bobby M Jones received a 1-year contract through arbitration worth a total of $3,800,000. | | SP Kiki Jones received a 1-year contract through arbitration worth a total of $6,750,000. | | SP Andy Pettitte received a 1-year contract through arbitration worth a total of $1,000,000. | | MR Steve Foster received a 1-year contract through arbitration worth a total of $460,000. | | LF Hugh Walker received a 1-year contract through arbitration worth a total of $3,000,000. | | SP Kirk Dressendorfer received a 1-year contract through arbitration worth a total of $460,000. |
| Friday, October 25th, 1996 |
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| Signed CF Eric Yelding to a 3-year contract extension worth a total of $3,000,000. |
| Tuesday, October 22nd, 1996 |
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| Signed CL Rod Beck to a 3-year contract extension worth a total of $19,550,000. |
| Friday, October 18th, 1996 |
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| CF Ken Griffey Jr. has executed his last optional contract year. |
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