The deal also includes club options for 2019 and 2020.
In two seasons with Cleveland, Francona has a 177-147 record. In his first season with the team in 2013, he was named the American League Manager of the Year.
In 2014, Cleveland finished 85-77, third in the AL Central.
“Being with (the club) for two years, we’re a pretty tight-knit group,” Francona said. "We do things together, and we have fun doing it. … During the tough times, that’s probably when I appreciate being here the most.”
Francona explained the reasons for signing a new deal with the franchise.
"I checked with a couple of the players (during the extension talks). … I believe this is about the players. I wanted them to be comfortable knowing that I was going to be here also, or I wouldn’t have done this," he said.
Francona, 55, said that he still gets excited to come to work everyday.
“This game … if you don’t enjoy it, it can run you into the ground. Every morning I wake up, I’m excited to come to work," he said.
- Scooby Axson