The Boston Red Sox have reached a three-year contract extension with manager Alex Cora, the team announced on Wednesday. The extension is reportedly valued at $21.75 million, according to ESPN’s Jeff Passan and Buster Olney.
This agreement makes Cora’s salary the second-highest for a manager, behind Craig Counsell’s five-year, $40-million contract with the Chicago Cubs signed last November. Cora, 48, who led the Red Sox to a World Series title in 2018, was set to become a free agent after the 2024 season. Despite significant injuries to players including Triston Casas, Trevor Story, and Lucas Giolito, Cora has guided the team to within one game of the American League’s final wild-card spot.
Under Cora’s leadership, the Red Sox have compiled a record of 494-416 and reached the 2021 ALCS.
In a statement, Cora expressed his appreciation for the organization, saying, “What this organization means to me is the world. This is home for us. We put everything on the scale and decided this is a great opportunity. … Where we’re at, where we’re going, is what I want.”
Cora rejoined the Red Sox in November 2020 after being dismissed before the 2020 season due to his involvement in the Houston Astros’ sign-stealing scandal.