Bud Selig to retire in January 2015

Bud Selig to retire in January 2015
September 26, 2013, 2:45 pm
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Associated Press

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.

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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.

Complete roundup about Selig's retirement announcement: 

HardballTalk: Bud Selig makes it official: He'll step down in January of 2015

Yahoo! Sports: With Bud Selig retiring in 2015, who will be baseball's next commissioner?

Yahoo! Sports: Bud Selig's retirement: Five good things and five bad things he did for baseball