Read the full story on CSNwashington.com.
Stan Kasten will resign as president of the Nationals at the end of the season, ending a tenure that began when the Lerner family took ownership of the franchise in 2006.
Kasten informed players of his pending departure during a pregame meeting in the Nationals Park clubhouse.
More to come...
UPDATE AT 3:07 P.M. -- Kasten just spent 18 minutes talking to media members in the Nationals' dugout. The nuts-and-bolts...
-- He said he told the Lerner family all along he would commit to five years, which ends at the end of this season. Said his decision is not a reflection of his relationship with the owners. "This is just about me," he said. "This has nothing to do with anybody else."
-- He wouldn't reveal whether he'll retain his minority stake in ownership of the club, though he pointed out that if he ends up working for another MLB franchise, he'll be required to sell his share.
-- He isn't classifying this as a retirement, though he doesn't intend to work immediately. "I don't feel like retiring," he said. "I'm going to do something. I think it will be a while before I do."
Full story coming in a little while on CSNwashington.com.
UPDATE AT 4:00 P.M. -- Here's Kasten full opening statement to reporters...
"When I came here, when my group joined the Lerner group, I made a commitment to stay with them for five years, through the end of the 2010 season. About a year or so ago, I went to the family and told them I would not be staying beyond that five-year commitment. So what I'm here to tell you today is, I'll be leaving the Nats at the end of the season.
"I know the stories and speculation. Let me assure you, this is just about me. This has nothing to do with anybody else or anything else. This is just about me, what's good for me, for my family and my own personal expectations, goals, aspirations, purely that and nothing else. Leaving here, will I miss things? You bet. There's going to be so much that I miss.
"First of all, I love, love, love D.C. I love living here, I love working here. I love the unique circumstances and energy that make this the most important city in the world. The people that I've met here along the way have been exceptional. I couldn't have gone anywhere else and had experiences to me and for me here that I could have never had happen anywhere else. It's been so much fun, and I will continue to spend a lot of time here, because I do love D.C. that much.
"In addition, I have so much personal affection for everyone that's been associated with the franchise, starting with the Lerner family, every member of whom I have a great, close relationship with, to our other partners, who have been so supportive, to our great, hard-working, dedicated front office, led by Mike. Really talented people, who are doing a good job with a lot more success to come. Our scouts, coaches, here in Washington and around the country and the world, all great, dedicated baseball people. And then the players, who I love, as you know. I'm a player's guy. In fact, I was choking up a little when I was talking to the players -- which is why I brought the sunglasses. I couldn't do that with you guys. And then, of course, the fans, who have been so great to me. I interact with them every night. I walk the concourses, as you know, for every game. I want to thank them for their generosity in offering advice and help. It's appreciated, especially when you're a guy running a team that's lost as much as we have, that's been in the phase of building that we've been in. I get lots of critical advice, but it's all been appreciated, and I'm going to keep doing it for the rest of the season, because we still have a bunch of games yet to go.
"So will I miss things? You bet. Leaving here is going to be hard. But still, the decision to leave here was not hard. It was just the right thing for me to do."