Joe Girardi agreed to a three-year, $9 million contract to return as manager of the New York Yankees, ESPN reported on its website.
The agreement also includes incentives that may add another $500,000 if the Yankees win the World Series, ESPN.com said, citing two unidentified people familiar with the negotiations.
Girardi’s new salary will put him among the five highest-paid managers in Major League Baseball, ESPN said. His last contract paid $7 million over three years.
The Yankees went 287-199 during Girardi’s first three years managing the franchise. In 2008, they missed the postseason for the first time since 1994. They responded last season with their 27th World Series title and lost this year’s American League Championship Series in six games to the Texas Rangers.