MLB hot stove: Giants sign Drew Pomeranz to 1-year deal Magowan served as the team’s managing partner until 2008. During that time, he signed star outfielder Barry Bonds and helped the franchise build a new stadium — which opened as Pacific Bell Park and is now known as Oracle Park. “The Giants family, the entire Bay Area and the game of baseball lost a man whose passion and loyalty to his favorite team and beloved community made it possible for all of us and future generations to experience the magic of Giants baseball in San Francisco forever,” said Larry Baer, the Giants’ current president and CEO, in a statement. “Peter was my mentor and dear friend, and I will forever be grateful for his guidance, support and love.“His legacy will be carried on by all those he inspired, including community leaders, our players (and) the front office.” Related News “With groundbreaking vision, (Magowan) guided the effort that resulted in a ballpark that became a landmark for the city,” MLB commissioner Robert D. Manfred said in a statement. “In his 16 seasons of leadership, Peter oversaw a winning, civic-minded ballclub that represented the spirit of San Francisco.“The foundation created under his direction helped make the Giants the model club they remain today. All of us in baseball will be forever grateful to Peter for his pivotal part in preserving a first-class franchise in one of America’s most vibrant cities.” Former Giants owner Peter Magowan died Sunday after a long battle with cancer, the team announced. He was 76 years old.Magowan, along with other investors, was instrumental in keeping the Giants in San Francisco when they purchased the team in 1993. Previous owner Bob Lurie had originally planned to sell the franchise to a group based in Tampa.