Peter Magowan, the owner who brought Barry Bonds to San Francisco, built a new ballpark and kept major league baseball in the city, is stepping down as managing partner of the Giants.
Magowan, 66, will retire from his duties at the end of the season on Oct. 1 but maintain an ownership stake, the team said Friday.
American Bar Assn. President William Neukom, a current partner in the Giants group, will take over for Magowan. Also, executive vice president Larry Baer will become team president effective Oct. 1.
The changes are subject to the approval of Major League Baseball. The Giants expect that to happen when the owners next meet, Aug. 13-14 in Washington.
The players' union has filed a grievance over the collapse of catcher Yorvit Torrealba's talks with the New York Mets last fall. Torrealba and the Mets reached a preliminary agreement on a three-year, $14.4-million contract last November, a deal that was subject to a physical and never was publicly confirmed by the team.
New York said several days later it had ended negotiations with Torrealba, leading to speculation that a medical exam left the Mets with concerns about his throwing shoulder. Torrealba then re-signed with the Rockies, agreeing to a two-year, $7.25-million contract.