O’s nearing contract extension with manager Buck Showalter

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From Dan Connolly of the Baltimore Sun comes word that Orioles owner Peter Angelos and manager Buck Showalter have “established parameters for a multi-year contract extension” that should be made official at some point in early-to-mid January.

Showalter, who makes his offseason home near Dallas, met with Angelos several times last week in Baltimore and will return for the finalization of this new long-term pact shortly after the holiday season.

“Because of the trust we have in each other, [Angelos] knows I am not going anywhere,” said Showalter, who is currently locked in only through 2013. “He has expressed interest in doing something and I’ve expressed interest in staying. And we think that can happen.”

Showalter led the Orioles to their first postseason appearance since 1997 this past fall and owns an impressive 196-185 managerial record since taking over the job near the end of the 2010 campaign.