May 12 – Carey Selph of the Chicago White Sox collects his ninth strikeout of the season. But it won't happen again. Selph will go another 89 games without striking out, to set a major league record, hitting a .283 average in 396 at-bats in his second and last season. Selph's record will last until 1958 when another White Sox, Nellie Fox, sets a new mark with 98 consecutive games without striking out.
May 19 – With first place in the American League on the line, the Washington Senators sweep both games from the New York Yankees to advance to first place by half a game. The Yankees, however, win the following day's game, and both games of the May 21 double header to end the series up 2.5 games. They maintain first place for the rest of the season.
May 20 – The Pirates' Paul Waner hits four doubles, tying a major league record held by many players.
May 30 – The New York Yankees unveil a plaque dedicated to former manager Miller Huggins. It is the first of what will eventually be a large number of plaques and other monuments to Yankee personnel.
Lou Gehrig hits four home runs and narrowly misses a fifth, while Tony Lazzeri hits for the cycle as the New York Yankees beat the Philadelphia Athletics, 20–13. Gehrig becomes the third player to accomplish the feat in Major League history and the first to do so in the American League in 36 years. The Yankees set a major league record for total bases with 50 and both teams set a still-standing record for extra bases with 41.
July 10 – Philadelphia Athletics, manager Connie Mack brings only two pitchers to face the Cleveland Indians. As luck would have it, Philadelphia's starter Lew Krausse is lifted after giving up four hits in the first inning, and is replaced by Eddie Rommel. A slugfest emerges, with the Athletics taking a 15–14 lead in the ninth inning only to have the Indians tie it in the bottom of the inning. The A's score two more in the sixteenth only to have Cleveland score two as well in the bottom of the inning. The A's eventually win it in eighteen, 18–17. While Rommel gives up 29 hits, he is still the winning pitcher. Johnny Burnett goes 9-for-11 for the Indians, setting a Major League record for most hits in a single game.
August 14 – Despite a woeful 27-85 record, the Boston Red Sox defeat the Philadelphia Athletics 2-0 behind the pitching of Johnny Welch. It is one of only two shut outs the A's endure all season (July 9 against the Chicago White Sox).
August 17 – The New York Yankees defeat the Detroit Tigers, 8-3, for their tenth victory in a row.
September 11 – The St. Louis Browns defeat the Boston Red Sox 7-1 in the first game of a double header to give Boston their 100th loss of the season. The BoSox come back to win the second game, but go on to lose 111 games by the end of the season.
September 13 – The New York Yankees defeat the Cleveland Indians 9-3 for their 100th win of the season.
September 18 – The St. Louis Browns defeat the New York Yankees 2-1. It is the eleventh time all season the Yankees are held to just one run. The Yankees are never shut out all season.
September 19 – The Chicago White Sox lose their 100th game of the season, 9-6 to the Philadelphia Athletics.
The Chicago Cubs jump out to a 2-0 lead in game one of the 1932 World Series, however, a three run fourth inning capped off by a two run home run by Lou Gehrig gives the Yankees the lead, as they take game one, 12-6.
October 1 – Lou Gehrig hits two home runs, as does teammate Babe Ruth, as the New York Yankees defeat the Chicago Cubs, 7–5 in Game 3 of the World Series. It is Ruth's second home run that is historic. Batting against Charlie Root in the fifth inning, with two strikes, Ruth is seen to gesture, according to some toward the outfield fence, before hitting the home run. While it is not universally accepted that Ruth was predicting a home run, it is referred to as "Babe Ruth's called shot".
October 2 – The New York Yankees defeat the Chicago Cubs, 13-6, in Game four of the World Series to win their fourth World Championship, four games to none. This would be Ruth's tenth, and final, World Series appearance.
October 19 – The Baseball Writers' Association of America MVP awards are announced, with Athletics' Jimmie Foxx winning in the American League and Phillies' Chuck Klein in the National League.
December 12 – In a rarity for 1932, a three team trade is struck between the New York Giants, Philadelphia Phillies and Pittsburgh Pirates. The Phillies send Kiddo Davis to the Giants, and receive Chick Fullis from the Giants. The Giants sent Freddie Lindstrom to the Pirates, and the Pirates sent Glenn Spencer to the New York Giants and Gus Dugas to the Phillies.
December 15 – Farm systems, originally known as "Chain store baseball" is approved by a joint meeting of American and National League owners despite objections by Baseball Commissioner Kenesaw Mountain Landis.
February 5 – Barney Dreyfuss, 66, Hall of Fame executive, who was the main force behind the creation of the World Series in 1903; whose Pittsburgh Pirates won six National League pennants and two World Series titles in 1909 and 1925, while developing the construction of Forbes Field, the first modern steel and concrete ballpark which was inaugurated in 1909.
February 6 – Lyman Drake, 79, outfielder for the 1884 Washington Nationals.
February 12 – John Shearon, 61, outfielder who played with the Cleveland Spiders in the 1891 and 1896 seasons.
February 21 – John Peters, 48, catcher for the Detroit Tigers, Cleveland Indians and Philadelphia Phillies between 1915 and 1922.
March 3 – Ed Morris, 32, pitcher for the Chicago Cubs and Boston Red Sox between 1922 and 1931, who won 19 games for the last place Red Sox in 1928.
March 7 – Bill Carrick, 58, curveball specialist pitcher for the New York Giants and the Washington Senators of the National League between 1898 and 1902, who started the most games in 1899 (43) and 1900 (41), while leading in complete games in 1899 (40) and for the most games pitched in 1900 (45).
March 13 – Sammy Strang, 55, utility-man who played all-positions except pitcher and catcher for the New York Giants, Brooklyn Superbas, Chicago WhiteSox, Chicago Orphans and Louisville Colonels in a span of 10 years from 1896 to 1908.
March 23 – Charles F. Daniels, 83, one of the original umpires of the National League in its inaugural 1876 season, whose umpiring career of 25 years included ten major league seasons.
April 2 – John Graff, 65, pitcher who played for the Washington Senators during the 1893 season.
April 2 – John Morrill, 79, versatile sort who could play every position and one of the first ten players to reach 1000 hits, who also managed the Boston Red Stockings to the 1877 National League title while batting a .319 average during the season.
April 5 – Harry Koons, 69, third baseman who played with the Altoona Mountain City and the Chicago Browns in the 1884 season.
April 10 – Fred Pfeffer, 72, outstanding second baseman who played from 1882 through 1907 for four National League teams, principally with the Chicago Cubs, who in 1884 became one of the first players to hit 25 home runs in a season, while leading the National League in putouts nine times, assists four times, and double plays seven times.
April 18 – Ike Benners, 75, left fielder who played for the Brooklyn Atlantics and the Wilmington Quicksteps during the 1884 season.
April 23 – Lon Knight, 78, right fielder and manager of Philadelphia's 1883 American Association champions.
August 1- Haddie Gill, 33, pitcher who played for the Cincinnati Reds during the 1923 season.
August 2 – Dan Brouthers, 74, Hall of Fame first baseman considered the greatest slugger in the 19th century, who led the National League in home runs twice, in doubles three times, becoming the third player to hit 100 home runs and the fourth to reach 2000 hits. In addition, batted a .338 average and scored a league-leading 153 runs for the 1887 Detroit Wolverines champion team, while retiring with a .342 career average and a slugging of .519, which was the highest recorded until the 1920s.
August 6 – Ducky Holmes, 36, outfielder and a fine hitter and basestealer for seven teams between 1895 and 1905, better known as a notorious troublemaker that led him to be suspended several times during his 10-season career.
August 8 – Steve Bellán, 82, Cuban third baseman who played from 1868 through 1873 with four different teams, most prominently for the Troy Haymakers, who is regarded as the first Hispanic ballplayer to play in the majors.
August 12 – Jake Boyd, 58, utility infielder/outfielder and pitcher who played from 1894 to 1896 for the Washington Senators of the National League.
August 16 – Candy LaChance, 63, first baseman for four teams between 1893 and 1905 and a member of the 1903 Boston Americans World Series champions, who hit .280 and drove in 693 runs in 1265 career games, while leading the American League in putouts from 1902–1904.
November 2 – Frank Cross, 37, outfielder for the 1901 Cleveland Blues of the American League.
November 13 – Willie Clark, 60, first baseman who played from 1895 through 1899 for the New York Giants and Pittsburgh Pirates.
November 14 – Boss Schmidt, 52, catcher who played six seasons with the Detroit Tigers from 1906 to 1911, helping them to clinch three American League pennants from 1907 to 1909.
November 24 – Redleg Snyder, 77, outfielder who played for the 1876 Cincinnati Reds and the 1884 Wilmington Quicksteps.
November 25 – Charlie Carr, 55, first baseman who played for six teams in three different leagues between 1898 and 1914, mostly for the Cleveland Indians and Detroit Tigers, and a member of the Indianapolis Hoosiers team that won the 1914 Federal League pennant.
December 8 – Bill Gray, 61, valuable utility who played all positions except pitcher for the Philadelphia Phillies, Cincinnati Reds and Pittsburgh Pirates in a span of five seasons from 1890–1898.
December 12 – Jim Long, 70, outfielder for the 1891 Baltimore Orioles and the 1893 Louisville Colonels.
December 15 – Bill Bishop, 62, pitcher for the Pittsburg Alleghenys and Chicago White Stockings over parts of three seasons from 1886–1889.
December 27 – Pop Schriver, 67, solid catcher who retired a 40% of potential basestealers in a 14-season career from 1886–1901, while playing for the Brooklyn Grays, Chicago Colts, Reds, New York Giants, Phillies, Pirates and Cardinals.
December 27 – Andy Piercy, 76, backup infielder who played for the 1881 Chicago White Stockings.