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      Bud Selig to retire at end of 2014 season

      Selig took over at the helm of baseball in 1992. Photo: Associated PressPhoto: Associated Press

      The long-discussed retirement of MLB commissioner Bud Selig will become official Thursday, when league's longtime chief will announce that he'll step down at the end of the 2014 season.

      CBS Sports' Jon Heyman reports that Selig's retirement will become official in January of 2015.

      Selig took office on an interim basis in 1992 after baseball's owners voted Fay Vincent out of office. His "acting commissioner" tag stayed in place for six years, though, until he was permanently installed into the position in 1998.

      READ MORE at cbssports.com.