Posey is the first former player to join the Giants ownership group appeared first on NBC Sports Bayarea
SAN FRANCISCO – When Buster Posey retired last November, Giants officials made it clear that they planned to continue with the future Hall of Famer for years to come. They can now do so in a more official — and surprising — way.
The organization announced Wednesday morning that Posey has joined the ownership group as the 31st major shareholder and a member of its Board of Directors, which is chaired by Greg Johnson. Posey, 35, is the youngest member of the ownership group for a franchise worth more than $3 billion.
In a statement announcing the move, Johnson said Posey reached out to the Giants after he retired last year and expressed interest in being part of the ownership.
“We were happy that he wanted to make this kind of commitment,” Johnson said. “It is rare for a former player to join the ownership of his own team and desire to play an active role. I am excited to have Buster serve on our Board of Directors where his unique perspective and valuable insights will be an asset our business and baseball decisions.
“His life experience within the organization, from the clubhouse to the community, will make him a great thought partner for me, Larry, Farhan and others.”
It’s not uncommon for players to become owned — or reach that ultimate goal — when they reach the level Posey did in a dozen years in the big leagues, but it’s often done in basketball, where Michael Jordan . with the Charlotte Hornets, Dwyane Wade has been bought into the Utah Jazz, and LeBron James has said he would like to be part of an ownership group when his playing days are over. Alex Rodriguez even crossed over and is part of the new ownership group of the Minnesota Timberwolves.
In a way, Posey is following the path laid by Derek Jeter, but with a twist. Jeter had a minority involvement with the Miami Marlins before parting ways with the organization earlier this year. Posey returns to his former organization, becoming the first former Giants player to join the ownership group.
RELATED: Kapler: Hjelle ‘as good as it gets’ in latest outing vs. Rockies
“I feel very connected to the Giants and the San Francisco Bay Area and I hope that my perspective as a former player will be beneficial in growing the game and helping the organization build the next championship team on the field and beyond,” Posey said. “I have always had so much respect for the ownership group, many of whom I have known over the years, who have supported me and my partners to achieve our success.
“I also believe that I can learn so much by surrounding myself with business leaders who have been at the top of their respective industries.”
Download and follow the Giants Talk Podcast