1954 New York Yankees season

The 1954 New York Yankees season was the team's 52nd season. Having won an unprecedented fifth consecutive World Series title the previous year, the team came up short in its bid for a sixth straight world championship as their 103–51 record was only good enough for in second place in the American League. New York finished eight games behind the Cleveland Indians, who broke the Yankees' 1927 AL record by winning 111 games. New York was managed by Casey Stengel. The Yankees played their home games at Yankee Stadium.

Offseason

 * November 19, 1953: Ralph Terry was signed as an amateur free agent by the New York Yankees.

Regular season
Bob Grim became the first rookie pitcher to win 20 games in one season but pitch less than 200 innings in the same season.

Notable transactions

 * April 11, 1954: Bill Virdon, Mel Wright, and Emil Tellinger (minors) were traded by the Yankees to the St. Louis Cardinals for Enos Slaughter.
 * May 11, 1954: Jim Brideweser was traded by the Yankees to the Baltimore Orioles for Neil Berry, Dick Kokos and Jim Post (minors).

Starters by position
''Note: Pos = Position; G = Games played; AB = At bats; H = Hits; Avg. = Batting average; HR = Home runs; RBI = Runs batted in''

Other batters
''Note: G = Games played; AB = At bats; H = Hits; Avg. = Batting average; HR = Home runs; RBI = Runs batted in''

Starting pitchers
Note: G = Games pitched; IP = Innings pitched; W = Wins; L = Losses; ERA = Earned run average; SO = Strikeouts

Other pitchers
Note: G = Games pitched; IP = Innings pitched; W = Wins; L = Losses; ERA = Earned run average; SO = Strikeouts

Relief pitchers
Note: G = Games pitched; W = Wins; L = Losses; SV = Saves; ERA = Earned run average; SO = Strikeouts

Awards and honors
All-Star Game
 * Yogi Berra, American League MVP

Farm system
LEAGUE CHAMPIONS: Quincy, Modesto