Bud Selig will officially retire as MLB Commissioner on Jan. 25. At that exact moment, he will ascend to a higher plane of existence: a cushy-ass sinecure.

Commissioner-elect Rob Manfred announced today that Selig will be named Commissioner Emeritus upon stepping down. What does a Commissioner Emeritus do? Selig will, per MLB.com, "be available to advise Manfred and assist with special projects."

ESPN's Buster Olney reports that Selig will receive an annual salary of $6 million, though it's not clear if that number includes deferred pay. An MLB spokesperson disputed the $6 million figure, but rest assured, Bud's not going to need help scraping together admission to the Bud Selig Experience.