Brazer left the $15,000 ring in a restroom at about 1:30 p.m. only to realize at about 2:10 p.m. that he did not have the ring on his finger. Brazer returned to the restroom to retrieve it, only to find it wasn't there.
"When it wasn't there, I thought someone was playing a practical joke," Brazer said. "Then when I realized they weren't playing a practical joke, I thought maybe somebody left it on my desk when they found it. Then when it wasn't there, that's when panic ensued."
Police Capt. Laurence Nodiff told The Associated Press that surveillance tapes led them to a janitor, who took officers to the ring. They found the ring wrapped in a paper towel and stashed in the janitor's supply closet.
Brazer got the ring back Wednesday.
Police said the 103-diamond ring initially was considered missing. Nodiff told the AP the janitor, who is a subcontractor, might have hidden the ring because he had second thoughts about taking it.
Brazer panicked, not only because he lost the prized ring, but because he did not have any insurance for it. He said he had no insurance because he never wears it. He said he only wore it Monday because he had appeared on a radio show, and the host had asked him to bring it so he could see it.
"It's in a safety security box," Brazer said. "I'll also be getting it on my homeowner's insurance. I learned a couple valuable lessons. One, don't take the ring off. Two, put it in a safety security box."
Todd Zolecki is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.