As the 2011 MLB season came to a close, there were rumors abound regarding the contract status of current commissioner Bud Selig and whether or not he would call it a career. However, Selig put all doubts to rest today by officially signing a contract extension, keeping him on board as the Commissioner of Major League Baseball through the 2014 season.

The contract that Selig was working under prior to this extension was set to expire on December 31. The additional two years for Selig means that he will be MLB Commissioner until the ripe old age of 80 years old.

In a statement released earlier today, the former Milwaukee Brewers owner had the following to say:

"It is an honor to be asked to continue to serve the game of baseball, and I thank the clubs for their confidence in the direction in which we have taken the game.

"This is an extraordinary era for Major League Baseball. The focus is on the field, competitive balance is strong, and fans around the world are supporting our game in unprecedented fashion. I am very humbled by the request to stay on, and I look forward to building on the great momentum our game has seen in recent years."

Selig has been the "head honcho" of Major League Baseball since 1992, when he was originally given the position on an interim basis after team owners forced out then-Commissioner Fay Vincent. Selig only sits behind Judge Kenesaw Mountain Landis for the longest tenure as MLB Commissioner (Landis served as the first ever Commissioner, from 1921 to 1944).