His final game was a 4–3 victory over the Houston Astros, at Dodger Stadium (att. 35,467), on June 23, 1996. The following day (June 24), he drove himself to the hospital complaining of abdominal pains, and in fact he was having a heart attack. He officially retired on July 29, 1996. His 1,599 career wins ranks 20th all-time in MLB history.
Tommy Lasorda was named Vice-President of the Dodgers upon his retirement from managing in 1996. On June 22, 1998 he became the Dodgers interim General Manager upon the mid-season firing of Fred Claire. He resigned as General Manager after the season and was appointed as Senior Vice-President of the Dodgers. After the sale of the team to Frank McCourt, Lasorda took on his current position of Special Advisor to the Chairman where his responsibilities include scouting, evaluating and teaching minor league players, acting as an advisor and ambassador for the Dodgers' international affiliations, and representing the organization at more than 100 speaking engagements and appearances to various charities, private groups and military personnel each year.
In 1996, he voiced the role of Lucky Lasorta, a Rough Collie commentating the baseball game in the film Homeward Bound II: Lost in San Francisco. He made a cameo appearance in the movie Ladybugs (1992) alongside Rodney Dangerfield. Lasorda portrayed the Dugout Wizard in the syndicated children's television show The Baseball Bunch. His other television credits playing himself include Silver Spoons, Who's The Boss?, CHiPs, Hart to Hart, Fantasy Island, Hee Haw, Simon & Simon, Everybody Loves Raymond and American Restoration.