Joe Girardi and the New York Yankees agree to new four-year contract

Joe Girardi let the Chicago Cubs flirt with him a little bit, but he's not leaving New York City or baseball's most famous franchise.

The New York Yankees announced Wednesday they have agreed to a new four-year contract with Girardi to manage the club through 2017. CBS Sports' Jon Heyman is reporting that Girardi's contract is worth $16 million total, plus bonuses. That's a raise from the $3 million per year he was making previously.

This makes Girardi the second-highest-paid manager in MLB behind Mike Scioscia of the Los Angeles Angels, who signed a 10-year, $50-million contract in 2009. Commenting about the new deal, Girardi said:

"After talking to my family, this is where we wanted to come back. I wouldn't have come back if I didn't think we could win a championship. I have faith in our organization."

Girardi deserved his payday, says Yahoo Sports' Jeff Passan.

Girardi has a 564-408 record with the Yankees in six seasons as their skipper. The team's .580 winning percentage in that span is the best in baseball. The Yankees' 85-77 record in 2013 was the team's worst under his watch, but New York was ravaged by injuries and in the middle of A-Rod drama.

Girardi, 48, has won a World Series (in 2009) and three AL East titles. This year was the second in his tenure that the Yankees missed the playoffs.

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