On January 8, 1965, Lane settled his lawsuit with Finley, accepting $113,000 plus the freedom to take another baseball front-office position. Early reports of his being part of an ownership group to buy the Boston Red Sox, as well as potentially serving as president of the Texas League, proved to be unfounded. Instead, the Baltimore Orioles hired him as a special assistant to general manager Lee MacPhail on March 7, serving primarily as a scout, a post he would hold for nearly six years.