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Baseball-Commissioner Selig to retire in January 2015

Sept 26 (Reuters) - Major League Baseball (MLB) Commissioner Bud Selig will retire at the end of his current term in January 2015, the league said on Thursday. Selig, 79, has led MLB since 1992 when, as chairman of the league's executive council, he became interim commissioner. He was unanimously elected MLB's ninth commissioner in mid-1998. He will announce shortly a transition plan in preparation for his retirement, the league said in a statement. (Reporting by Frank Pingue in Toronto)