Major League Baseball has suspended San Francisco Giants president and chief executive officer Larry Baer through July 1 without pay, the league announced in a statement. The suspension stems from a physical altercation between Baer and his wife on March 1, which was recorded on video.

In the statement, MLB commissioner Rob Manfred said the league had investigated the incident and that he'd personally met with Baer. "Based on my review of the results of the investigation, I have concluded that Mr. Baer's conduct was unacceptable under MLB policies and warrants discipline," Manfred added.

Baer was captured on video trying to pry a cellphone away from his wife, Pam, before knocking her to the ground at a public plaza. Larry Baer later issued an apology and was not charged, but took a leave of absence from the team prior to the investigation and suspension.

The Giants issued their own statement in response to the suspension.

"We share the commissioner's concern and disappointment in Mr. Baer's conduct as it does not represent the values of the Giants organization," the team said.

In Baer's absence, Rob Dean will serve as acting Giants CEO. When the suspension is finished, Baer will return to his roles as president and CEO.

Baer added that he respects and accepts the decision.

"I made a serious mistake that I sincerely regret and I am truly sorry for my actions," he said in a statement. "My unacceptable behavior fell well short of what must be demanded of every person, particularly someone in my position and role in the community."