Rob Manfred, the commissioner of MLB, announced his retirement in January 2029

Rob Manfred, the commissioner of baseball, announced on Thursday that he will step down from his position in January 2029.

During a press conference for spring training, Manfred mentioned that when his term as commissioner expires on January 25, 2029, he will be 70 years old and have served for 14 years.

As baseball's tenth commissioner, Manfred, 65, took over for Bud Selig in January 2015 and was appointed to a five-year term. The owners decided last July to approve Manfred's most recent term after voting in November 2018 to offer him a new contract that would last until the 2024 season.

“I have been open with them about the fact that this is going to be my last term,” Manfred said. “I said it to them before the election in July and I’m absolutely committed to that.”