The notion of school management through teams (team management), though not a new phenomenon in South Africa, was formalized after the advent of democracy in 1994 and the subsequent reorganization of the education system. The concept was subsequently fleshed out in official documentation where the composition and roles of school management teams (SMTs) were elaborated upon. The notion of team management is rooted in theories that stress participation, notably site-based (school-based) management, teamwork, and distributed leadership. We report on a study in which the perceptions of secondary school principals, in Grahamstown, South Africa, of team management were explored. The study was interpretive in orientation, and utilized qualitative data gathering techniques in all (ten) of the state-aided secondary schools in Grahamstown in the Eastern Cape province. We found that, while team management was generally welcomed and even celebrated by principals, there were fundamental tensions surrounding principals' understanding of their leadership roles in a team context. We consider the implications of these findings for leadership development in the context of team management.