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Rays sign manager Maddon to three-year extension

The Tampa Bay Rays and two-times American League manager of the year Joe Maddon have agreed on a three-year contract extension that extends through the 2015 Major League Baseball season, the team said on Wednesday.

In six seasons with the Rays, Maddon has a 495-477 record and guided Tampa to the postseason three times in the last four years, including a trip to the World Series in 2008 where they lost to the Philadelphia Phillies.

"I believe this is the best organization in Major League Baseball and I feel fortunate knowing I will be a part of this for the next several years," Maddon said in a statement. "Our ownership group, front office staff and players make the Rays organization the place I want to be."

The reigning American League manager of the year, who also won the award in 2008, is just one of four active managers to claim the honor multiple times.

(Reporting by Steve Keating in Toronto; Editing by Frank Pingue)