Reds and GM Walt Jocketty agree to three-year extension

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Walt Jocketty declined to talk about his contract status last week, but today the 60-year-old general manager agreed to a three-year extension with the Reds that runs through 2014.

Jocketty originally joined the Reds as a special advisor to then-GM Wayne Krivsky in early 2008 and then took over the GM role when Krivsky was fired a short time later.

Mark Sheldon of MLB.com notes that the Reds are slightly below .500 (319-323) since Jocketty took over, including a disappointing 76-80 mark this year, but Cincinnati made the playoffs last season for the first time since 1995 and Jocketty was named Sporting News executive of the year.

He was previously GM of the Cardinals from 1995-2007, during which time St. Louis made seven trips to the playoffs and had just three losing records.

Jocketty won’t have a ton of payroll room to work with this offseason and signing Brandon Phillips to a long-term deal may prove difficult, but the Reds are certainly well positioned for contention in 2012.