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St. Petersburg, Florida (CBS Sports) -- The Tampa Bay Rays have signed manager Joe Maddon to a three-year extension, CBSSports.com insider Jon Heyman reports.
Maddon's three-year contract was set to expire following the 2012 season, making $1.4 million this season. It can be assumed he's getting a well-deserved raise.
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Maddon, 58, has a 495-477 record with the Rays and has twice been named the American League Manager of the Year, including last season when the Rays captured the wild card on the final day of the season. He also won the award in 2008 when the Rays won the American League pennant.
The Rays, who were 61-101 in Maddon's first season, have been to the playoffs three of the past four seasons and won two American League East titles, something some thought impossible before his reign.
Maddon's been a popular name in high-profile managerial searches, but he's repeatedly said he prefers to stay with the Rays -- and he's backed it up with not just his words, but his actions.
C. Trent Rosecrans, CBS Sports