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Peterson grew up on the outskirts of Chicago and then attended Northern Illinois University from which he was signed by the Yankees upon graduating in '63. After a slow start in Rookie ball that season he went on to produce excellent stats his next two seasons in the minors - 26-13 with a 2.21 ERA - ending the '65 season in Double A. He also hit over .300 during that span. In '66 he went to NY and had a fine rookie year, winning 12 with a 3.31 ERA. After a back-pedaling '67 he went on a very nice run the next five seasons with a combined record of 81-66 with a 2.88 ERA. Every season during that run he led the AL - and three times both leagues - in fewest walks per nine innings. He peaked in '70 when he was an All-Star and won his 20th game on the season's last day in Boston, a tough place for lefties. After his tough '73 Fritz in early '74 was included in a big trade to Cleveland: he, Fred Beene, Tom Buskey, and Steve Kline all went to the Indians for Chris Chambliss, Dick Tidrow, and Cecil Upshaw. The trade would prove to be hugely one-sided in NY's favor and Fritz had another bumpy ride in '74, improving by a win over his '73 numbers but also adding nearly half a run to his ERA. In '75 he had a pretty good comeback year, going 14-8 despite an ERA pushing 4.00. But by then his arm was pretty shot and in '76 after a crappy start in Cleveland he was sent to the Rangers for Stan Perzanowski. For the Rangers he went 1-0 in four starts but then sat out most of the season on the DL and was released the following winter. It would be his final season. Fritz put up a record of 133-131 with a 3.30 ERA, 90 complete games, 20 shutouts, and a save. He had some good moments at the plate, three seasons hitting better than .200. His lifetime ERA at Yankee Stadium is 2.52, the best on that field of anyone.
Peterson had a pretty turbulent existence after baseball, reportedly losing a bunch of money in various business deals. He was a blackjack dealer at an Illinois casino for a long while and then made some better business investments and seems to have recovered quite a bit financially. He has been twice diagnosed with prostate cancer which he has dealt with both traditionally and experimentally. As a result of his brushes with mortality in 2009 he published a book entitled "Mickey Mantle is Going to Heaven" in which he spends a chapter each on various past players - Mantle, Thurman Munson, and Bobby Murcer to name a few - including some inside dirt on each and then surmising where they will spend the afterlife. Fritz had become a born-again Christian after several discussions with Danny Thompson while both were in Texas in '76 led him to re-evaluate his life and get religion. There is an '09 interview with him linked to here. It's a long one and most info disclosed is already known but Fritz is engaging and happy and not really preachy at all.
Fritz gets props for his Single A run the first half of the '65 season and then for his '70 season. Lindy McDaniel pitched Fritz out of a jam in that 20th win in Boston, the third time he bailed out a pitcher for the starter's 20th. Per the cartoon only 37 stolen bases occurred during Fritz' time on the mound for his career and 54% of attempted steals were caught. In '75 75% of guys who attempted to run on him were nabbed. I'd say that qualifies for outstanding.
Fritz was involved in a bad trade. Let's use a participant in another one to hook up these two:
1. Peterson and Danny Cater '70 to '71 Yankees;
2. Cater and Ted Kubiak '67 to '69 A's.
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