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. WBZ4's Dan Roche first broke the story this morning.
The agreement was reached after the sides met last night and again this morning. Francona is still on the field so it is not known if the club will make an official announcement, but the 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 did not eclipse the three-year, $13 million deal the Dodgers this winter gave Joe Torre, the game's highest-paid manager.
The deal also includes club options for 2012 and 2013.