It happened in a ceremony just before noon in front of the New Rochelle Public Library.
Rivera lived in New Rochelle while he played on the Yankees.
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He played for the Bronx Bombers from 1995 to 2013 as a relief pitcher nicknamed "Sandman" and "The Closer."
He posted 652 saves, struck out 1,173 batters, and achieved an ERA of 2.21.
The five-time World Series champion was the first player ever inducted into the Baseball Hall of Fame by unanimous vote in 2019.
Fritz Pollard will also be honored Friday.
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He was the first African American head coach in the NFL. He was a former football coach at New Rochelle High School.
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