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Deal official

Posted by Amalie Benjamin  February 24, 2008 11:47 AM

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The Red Sox have made it official: Terry Francona has agreed to a three-year deal with two option years. The deal will keep the skipper with the team through the 2011 season, and 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. We expect him to address the issue shortly in his media briefing.

Here are a couple of quick quotes from the press release:

“On behalf of John Henry, Tom Werner, Larry Lucchino, and the Red Sox organization, I am very pleased to make this announcement,” GM Theo Epstein said in the release. “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.”

“I want to thank the Red Sox ownership and management for their tremendous support,” Francona said, in the release. “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.”

Back soon.

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