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Nationals reach multiyear extension with Mike Rizzo

Related Topics: Mike Rizzo, Stephen Strasburg

The Washington Nationals have agreed to a multiyear contract extension with president of baseball operations and general manager Mike Rizzo, the team announced Wednesday.

The new deal with Rizzo, whose contract had been set to expire after the season, allows him to continue the Nationals' rebuilding effort on the field.

Rizzo, 62, is in his 15th year running the team's baseball operations. He said in a statement that he loves being part of the Nationals organization.

"We believe we are developing the next generation of contenders and champions," Rizzo said. "We deeply believe in our process and in our progress.