Williams was also honored with a plaque in Monument Park at Yankee Stadium and the Yankees are wearing patches honoring him on Sunday. He formally retired last month despite not playing in a game since 2006.
Williams won four World Series titles during his 16-year career in New York. He was a five-time All-Star and a four-time Gold Glove award winner.
Several of Williams's former teammates and coaches, including Mariano Rivera, Tino Martinez, Joe Torre, Paul O'Neill and David Cone, joined him on the field for the ceremony. Derek Jeter was also in attendance, making his first appearance at Yankee Stadium since his retirement.
The outfielder accumulated a .297 career average with 2,336 hits, 287 home runs and 1,257 RBIs. The Yankees signed Williams as an amateur free agent in 1985 and he made his MLB debut in 1991.
- Molly Geary