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Baer didn’t provide a timetable for when Sabean and Bochy might be extended beyond next season. In the past such announcements have come within a couple of days after season’s end.

“We’ll talk about it. All I can say is, we have huge admiration for the job they’ve done,” Baer said. “The two sides have admiration for each other.”

In the Mercury News story Wednesday that first broke the news of management changes at the top, Neukom reportedly spent money and revenue from the World Series run without checking with the other committee members, some of whom wanted that money put in a reserve fund.

Asked about that Thursday, Neukom said: “The Giants are a partnership. We have substantial reserves. I won’t mention the amount, but they’re very substantial reserves. So in any normal business sense of the word ‘rainy-day fund,’ we have a rainy-day fund, and it’s more than adequate.”

Sabean told the Giants’ flagship radio station, KNBR 680 AM, that he always experienced “open dialogue” in his dealings with Neukom and Baer.

“I never saw any open acrimony,” Sabean said. “I’m not actively involved unless called in to partners’ meetings.”

Neukom grew up in nearby San Mateo, with then-San Francisco Seals owner Charlie Graham as a neighbor. He joined the Giants’ ownership group in 1995 and became a general partner in 2003. He replaced Peter Magowan in October 2008.

Still, Baer was the key executive handling many of the day-to-day operations while jumping from executive vice president to team president.

A fourth-generation San Franciscan, Baer was an assistant to CBS Inc. chairman Laurence Tisch in New York when he helped put together the ownership group with Magowan in 1992 that prevented the Giants from moving to St. Petersburg, Fla.

The Giants began this season with a $118,216,333 payroll _ up from $101,417,943 at the end of 2010 _ and that increased to about $120 million when they acquired slugger Carlos Beltran in a July 28 trade with the New York Mets.

Baer doesn’t envision payroll decreasing as the team prepares for next year. The Giants began Thursday trailing the first-place Arizona Diamondbacks by 7 1/2 games in the NL West with 13 to go.

Sabean called bringing back Beltran “a complicated issue because he’s going to have a lot of suitors in both the American League and National League.” Beltran is represented by super agent Scott Boras.

Bochy said he had spoken Thursday with both Baer and Neukom.

“This organization’s done well getting on the winning track the last three years and that’s where we plan on staying,” he said before a game at Colorado.

Neukom believes San Francisco would have won another division crown had it not been for season-ending injuries to reigning NL Rookie of the Year catcher Buster Posey in a home-plate collision with Florida’s Scott Cousins in May and sure-handed second baseman Freddy Sanchez _ and all the others who have spent time on the disabled list lately.

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