Diamondbacks extend contracts of manager Kirk Gibson and general manager Kevin Towers

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Kirk Gibson is the odds-on favorite to be named NL Manager of the Year later this month, but in the meantime he’s agreed to a contract extension with the Diamondbacks that runs through 2014.

General manager Kevin Towers’ deal was also extended through 2014, and Nick Piecoro of the Arizona Republic reports that both contracts include team options for 2015 and 2016.

Arizona will have to decide whether to exercise both the option years by the end of 2013, eliminating the possibility of a lame-duck situation.

Gibson, who played 17 seasons in the majors and was the NL MVP in 1988, has gone 128-117 (.522) since taking over as the Diamondbacks’ manager in mid-2010. Towers became the Diamondbacks’ general manager in September of last year and previously had a 15-year run as the Padres’ GM.