Philadelphia Phillies extend manager Pete Mackanin's contract

The Philadelphia Phillies and manager Pete Mackanin agreed to a contract extension, the team announced on Thursday.

Financial terms were not disclosed, but Mackanin's deal will carry him through the 2018 season with a club option that extends into the 2019 campaign.

Mackanin had been in the final season of his previous contract, which included a 2018 club option.

The 65-year-old became the interim manager of the Phillies during the 2015 season and is guiding the club through its extensive rebuilding process.

Mackanin has posted a 121-160 mark as Philadelphia's manager. He served as the team's bench coach from 2009-12 under manager Charlie Manuel and third-base coach under Ryne Sandberg, whom Mackanin replaced as manager on June 26, 2015.