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Bud Selig Reportedly Set to Announce Retirement as MLB Commissioner

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(CNN) - Bud Selig has been Major League Baseball's commissioner since 1992, but his term will reportedly come to an end following the 2014 season. The former owner of the Milwaukee Brewers is expected to officially announce his retirement Wednesday, according to the Daily News.

More specifically, Jon Heyman of CBS Sports is reporting that Selig's retirement will begin in January of 2015.

This isn't the first time that Selig has attempted to retire as he was convinced to sign extensions on two previous occasions, according to Tom Haudricourt of the Milwaukee Journal Sentinel, but he has finally decided to call it quits for good.

Although it isn't yet known who the league's next commissioner will be, he will be stationed in the central New York office, according to Bob Nightengale of USA TODAY.

Selig's tenure as commissioner has been an interesting one, as the landscape of baseball has changed constantly. The performance-enhancing drugs era ballooned under Selig's watch, but he has taken huge steps toward curtailing the issue in recent years, with the MLB now boasting what is arguably the most stringent PED policy in professional sports.   

He also instituted the wild card in 1994, and while there was initially some resistance from purists, it has become an accepted part of the game. Selig even added one wild card in each league last year, and time will tell if that is ultimately as successful as the initial advent.

In addition to the wild card, Selig pushed through interleague play in 1997. That was yet another decision that was initially met with criticism, but it helped create new rivalries and provided fans with matchups that they had never seen before.

Interleague play is now a staple. The Houston Astros' move to the American League this season has ensured that an interleague series is in play at all times, so Selig's creation is here to stay.

Perhaps Selig's biggest success as commissioner came on the business side of things. During his term, he made Major League Baseball a multi-billion-dollar industry

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