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Francona update »
February 24, 2008
Sean McAdam just called in this report from Fort Myers:
When the Red Sox leave the field this morning the team is expected to announce a three-year contract extension for its manager Terry Francona.
Negotiations were completed earlier this morning and general manager Theo Epstein told the entire squad of the news as the Red Sox players were stretching prior to the work out.
The three-year deal is worth approximately $12 million, making Francona the third-highest paid manager in baseball behind the Dodger' Joe Torre and the Cardinals' Tony La Russa.
Red Sox ownership had said that getting Francona an extension would be a priority, but talks only intensified last week with Francona's agent conducting talks on behalf of the manager.
McAdam reported last week that Francona and his agent had dinner with ownership to discuss a new contract. The manager's current deal, which he signed in February of 2006, was set to expire at the end of the '08 season.
This new deal more than doubles his 2008 salary of $1.75 million.
Sean will have more on this in Monday's Journal.
Posted by Joe McDonald 
at 11:24 AM | Permalink
Rick | February 24, 2008 12:11 PM link
It took long enough ! Long overdue. Terry has done an excellent job with all the players. Best manager I've seen here in Boston. Congradulations Terry. Lets get another one