The New York Mets reached agreement on a two-year contract extension with manager Terry Collins on Tuesday.
The New York Daily News reported that Collins will receive a salary increase as part of the new deal. His previous contract included a club option for 2016.
A news conference is scheduled for Wednesday with Collins and general manager Sandy Alderson at Citi Field, according to the Daily News.
Collins guided the Mets to the National League pennant and a trip to the World Series, which they lost in five games to the Kansas City Royals.
In five years as Mets manager, Collins has a 394-416 record, but his teams never finished with a winning record in New York before this season. The Mets won the NL East with a 90-72 record in 2015 and reached the playoffs for the first time in nine years.
Collins’ job appeared to be in jeopardy coming into the 2015 season and his seat became hotter when the team had a .500 record in early July. But the Mets turned their fortunes around with a young pitching staff and rode their arms all the way to the World Series.
The 66-year-old Collins is the oldest manager in baseball. He previously managed the Los Angeles Angels and the Houston Astros. His career record as a manager is 838-850 in 11 seasons.