Barry Bonds, former players react to Giants' Peter Magowan's passing originally appeared on nbcsportsbayarea.com Peter Magowan didn't wait long to make an impact after his ownership group purchased the Giants in 1992. Before the purchase was complete, the Giants signed Bay Area native Barry Bonds to a record-breaking six-year contract. Bonds, whose father was former Giant Bobby Bonds, was widely considered one of the best players in baseball and his signing brought instant credibility to the new ownership group.