The Cincinnati Reds and manager Dusty Baker agreed to terms on a two-year contract extension, according to MLB.com.
The extension runs through the 2014 season.
A press conference to announce the new deal will be at Great American Ball Park on Monday at 3 p.m. ET.
"In Dusty's five seasons here, he's taken us to the postseason twice and has proven he can lead our teams to championship-caliber play on the field," Reds president and CEO Bob Castellini said in a statement. "He's the right manager to continue the building process that will take us deeper and deeper into the playoffs in the future."
The Reds were eliminated from the National League playoffs by the San Francisco Giants last week after winning the NL Central division with 97 victories.
Baker, 63, joined Bill McKechnie and Sparky Anderson as the only managers to lead Cincinnati to multiple playoff appearances. Baker is 419-391 since joining the Reds in 2008. He has 1,581 wins over 19 seasons as a manager for the Giants, Chicago Cubs and Reds. That ranks him 19th all-time and second among active managers.
Baker missed 11 games in September after being hospitalized with an irregular heartbeat and had a minor stroke. He returned for the final three games of the regular season and the playoffs.