The San Francisco Giants announced Wednesday that recently retired Buster Posey has returned to the famous organization, albeit as an owner. The 12-year veteran has purchased an unknown minority share in the Giants’ ownership group, recently valued by Forbes at $3.5B. Moreover, Posey will also serve on the Giants’ board of directors. Tyler Kepner of the New York Times first reported that Posey was joining the ownership group and being added to the board of directors.
When discussing the addition of Posey to the ownership team, Greg Johnson, the Giants’ chairman, told Kepner that the two of them want to bridge “the trust gap that exists because of the structure in baseball,” and that Posey is “somebody there that’s respected by the players and part of our ownership group.”
Posey reiterated this idea saying, “I want to be viewed as, like, pro-baseball … I’m not pro-player, I’m not pro-owner, I just love the game of baseball, and this is another opportunity for me to learn more about the game, more about the business and really commit my time to an organization in a city that I’ve grown to love.” Posey, however, clarified that he’s not “taking on any type of front office role” and that he’s going to take a more “hey, let me know where I can help and I’ll help there” approach with his new position.
Posey was originally drafted by the Los Angeles Angeles of Anaheim in the 50th round of the 2005 MLB Draft but chose not to sign and attended Florida State University. Three years later, Posey would be drafted 5th overall in the 2008 MLB draft by the Giants and never looked back, making his Giants debut in 2009 and winning NL Rookie of the Year in 2010. Over the next 10 seasons, Posey would bring home an NL MVP trophy, three World Series rings, five Silver Slugger awards, a Gold Glove, and appear in 7 All-Star games, before retiring after the 2021 season with a career slash line of .302/.372/.460 for an OPS of .831.