"No one works harder than Ed, and he has served this organization extraordinarily well," said Montgomery.
With the dismissal of Chuck LaMar by Tampa Bay last week, Wade inherited the title of the GM with the longest tenure on the job without a playoff appearance. Wade took over for Lee Thomas, who was dismissed in December of 1997. Originally, Wade served in an interim position before taking over full-time the following March.
There was no immediate announcement of a replacement, but speculation centers on assistant GMs Mike Arbuckle and Ruben Amaro, Jr. as well as possibly former GM Dallas Green. Candidates from outside of the organization would include former Astros' GM Jerry Hunsicker and possibly current Yankees and Red Sox GMs Brian Cashman and Theo Epstein, respectively. Both Cashman and Epstein have contracts that expire at the end of the month.