NEW YORK (MLB NEWS RELEASE) --Baseball Commissioner Allan H. (Bud) Selig formally announced today that he will retire upon the completion of his current term, which runs through January 24, 2015.
Commissioner Selig said: “It remains my great privilege to serve the game I have loved throughout my life. Baseball is the greatest game ever invented, and I look forward to continuing its extraordinary growth and addressing several significant issues during the remainder of my term.
“I am grateful to the owners throughout Major League Baseball for their unwavering support and for allowing me to lead this great institution. I thank our players, who give me unlimited enthusiasm about the future of our game. Together we have taken this sport to new heights and have positioned our national pastime to thrive for generations to come. Most of all, I would like to thank our fans, who are the heart and soul of our game.”
Commissioner Selig will announce shortly a transition plan in preparation for his retirement, which will reorganize centralized Major League Baseball management.
Selig has led Major League Baseball since September 9, 1992, when, as Chairman of the Major League Executive Council, he became interim Commissioner. He was unanimously elected Baseball’s ninth Commissioner on July 9, 1998.
Baseball Commissioner Bud Selig says he plans to retire in January 2015.
The 79-year-old Selig has repeatedly said since 2003 that his retirement was imminent, but Thursday marked the first time he issued a formal statement.
He says he will announce a transition plan shortly that will include a reorganization of central baseball management.
Selig bought the Seattle Pilots in bankruptcy court in 1970 and moved the team to Milwaukee. He was part of the group that forced Fay Vincent's resignation.
Selig took over as acting commissioner on Sept. 9, 1992, in his role as chairman of the executive council. He repeatedly said he would not take the job full time but was formally elected commissioner July 9, 1998. He agreed to new contracts in 2001, 2004, 2008 and 2012.