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Selig said teams had reduced their combined debt by $1 billion in the past year but he would not say what the industry debt total currently is. He said baseball's debt rules "could use some change, modest change, and we're working on those."
Selig also hoped that the Cardinals and Albert Pujols find a way to agree on a new contract. The slugging first baseman can become a free agent after the World Series.
"It is true there are some players who captivate a community," he said. "You hope that could be perpetuated."
Selig, who has headed baseball since September 1992, repeated his often-stated intention to retire when his current term expires at the end of 2012 but admits owners are skeptical.
"My wife said, 'Buddy, cut it out, nobody believes you, starting with me,'" he said.
[Associated Press;
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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