Baseball Rumor News

The San Francisco Chronicle reports that San Francisco Giants Managing partner Peter Magowan is ready to step down. Magowan was involved in the day-to-day decision making for the club for over 15 years. It is expected that Magowan will offer up his shares (estimated to be around $70 million) to other members of the ownership group, one of whom may step into a revised version of the role he has served the team.

Magowan was responsible for the signing of Barry Bonds in 1993, which was a great move for the franchise, but also the Barry Zito signing recently, which doesn’t seem to be as fruitful. New decision making from the top down could be exactly what this team needs. One thing is for sure though, whoever steps in now has years and years to deal with the large contracts recently signed by the Giants eg. Barry Zito and Aaron Rowand.