Francona Gets 3-Year Extension

Edes:

The Red Sox and Terry Francona this morning finalized terms of a three-year extension that will take the Sox manager through the 2011 season, the team confirmed today. ...

The agreement was reached after the sides met last night and again this morning. ... [T]he new deal is expected to place Francona among the highest-paid managers in the game, which would place him in the $3 million to $4 million range. ... The deal also includes club options for 2012 and 2013.

The Globe has quotes:

Theo Epstein: "Terry Francona has done an outstanding job in managing the Red Sox over the last four seasons. This is demonstrated not only in the three playoff appearances and two World Series victories but also in the way in which he handles the demands of managing in Boston on a day-to-day basis, both on and off the field. It also represents a strong and sincere commitment by our ownership.

Francona: "I want to thank the Red Sox ownership and management for their tremendous support. From the resources provided by the ownership group and front office to a great collection of players and the passion and loyalty of the fans, there is no doubt that Boston is the best place to manage in the major leagues. I look forward to being in a Red Sox uniform for many years to come."

Ian Browne, redsox.com:

Last October, Francona became the first manager in Major League history to win his first six World Series games. That streak was extended to eight when the Red Sox swept the World Series for the second time in as many tries, this time against the Colorado Rockies. ...

His 375 wins in his first four years on the job are the most any Boston manager has won in his first four seasons.