Baseball team owners have selected MLB chief operating officer Rob Manfred to replace outgoing commissioner Bud Selig next year, according to multiple media reports.

The team owners were deciding between Manfred and Red Sox chairman Tom Werner on the last day of their quarterly owners meetings in Baltimore. Manfred fell one vote short of the 23 votes he needed for a three-quarters majority in the first two rounds of voting, but was elected after a third round of voting.

According to reporting by the New York Daily News, the Blue Jays, Red Sox, White Sox, Nationals, Angels, Athletics, Diamondbacks, and Reds were the eight teams voting against Manfred in the first two rounds.

The final round of voting ended up with all 30 teams unanimously voting for Manfred, according to a tweet from Bill Shaikin of the L.A. Times, who went on to call the final vote "an olive branch for posterity" by the seven holdout owners who were still in favor of Werner.

The two were selected as finalists for the position last week along with MLB vice president of business Tim Brosnan, who dropped out of consideration shortly before Thursday's vote.

Manfred, who had long been viewed as the favorite to succeed Selig, was elevated to COO in September by Selig. He had spent the previous 15 years as MLB's executive vice president of labor relations, working closely with Selig.

Werner has been a member of the Red Sox ownership group for 12 years after previously owning the San Diego Padres for more than a decade. Before he got into baseball, he was a TV executive, helping create sitcoms like "Mork & Mindy," "Bosom Buddies," "Soap" and "Taxi" before co-founding The Carsey-Werner Company, which created a number of hit sitcoms, including "The Cosby Show," "Roseanne" and "That '70s Show."

Selig, who is retiring at age 80 after 22 years as commissioner, will step down at the end of his term on Jan. 24, 2015. However, he is expected to remain involved in baseball in some limited capacity even after retiring as commissioner.