- Dec 2 NFL Draft: Rice quarterback King Hill #1 pick by Chicago Cardinals
- Dec 2 Pacific Coast League franchises forced to relocate when Dodgers and Giants confirm their move to California for 1958 MLB season; Hollywood Stars move from LA to Salt Lake City; LA Angels move to Spokane, and San Francisco Seals transfer to Phoenix
- Dec 3 23rd Heisman Trophy Award: John Crow, Texas A&M (HB)
US vs. Philippines
Dec 6 Gardnar Mulloy becomes oldest American to win a Davis Cup tennis match at age 44 years, 14 days; teams with Vic Seixas to give US a match-clinching, 3-0 lead over the Philippines in the Inter Zone 1st round in Adelaide, Australia
- Dec 7 Tony Kubek of the Yanks selected as AL Rookie of the Year
Alfredo Di Stéfano Wins
Dec 17 Ballon d'Or: Real Madrid forward Alfredo Di Stéfano wins award for best football player in Europe ahead of Englishmen Billy Wright and Duncan Edwards
- Dec 17 The largest trade in NHL history at the time in terms of quantity; Chicago Black Hawks move Nick Mickoski, Jack McIntyre, Bob Bailey & Hec Lalonde to Detroit Red Wings for Earl Reibel, Billy Dea, Bill Dineen & Lorne Ferguson
Cricket Debut
Dec 23 Test cricket debut for all-time great Australian wicketkeeper Wally Grout and future captain and coach Bobby Simpson, 1st Test v South Africa in Johannesburg
Baseball Players
Basketball Stars
Boxers
Footballers
NFL Stars
Tennis Champions