Red Sox reward Francona with three-year extension

Updated: February 25, 2008, 1:24 PM ET
ESPN.com news services

FORT MYERS, Fla. -- After managing the Boston Red Sox to two World Series championships in four seasons, Terry Francona was rewarded Sunday with a three-year contract extension that runs through 2011.

ESPN The Magazine's Buster Olney reports that Francona's annual base salary will range from $3.5 million at the outset of the deal to $4 million at the end. The annual average value of the contract, including a buyout on the fourth year, is $4 million.

The deal includes club options for ...

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