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In the last two years Wade traded away stars such Lance Berkman, Michael Bourn, Roy Oswalt and Hunter Pence for mostly young prospects, saying he had "inherited a pretty barren farm system" that he had to replenish.
Smith, who has been team president since 1994, has spent more than 50 years as a baseball executive and more than 30 of those years have been with the Astros. He worked for the franchise in its first season in 1962 when the team was known as the Houston Colt .45s and remained in Houston until 1972.
He spent some time working for the Yankees before returning as general manager of the Astros from 1975-80.
Smith's input was key in the development of both the Astrodome and Minute Maid Park. A small hill in center field at Minute Maid Park is known as Tal's Hill as a nod to his work on the project.
[Associated Press;
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