Reds sign GM Walt Jocketty to multi-year contract extension

Despite a disappointing 2014 season, the Cincinnati Reds have decided to bring back general manager Walt Jocketty, as Jocketty himself tells MLB.com's Mark Sheldon that he has agreed on a multi-year contract extension with the club. The Cincinnati Enquirer's John Fay reported yesterday that a return for Jocketty was likely, as his deal was set to expire following the season.

Jocketty had previously spent 13 years as the GM of the St. Louis Cardinals prior to joining the Reds as a special advisor before the 2008 season. However, Jocketty quickly took over the team's top baseball operations position after his predecessor Wayne Krivsky was fired less than a month into the 2008 season.

Under Jocketty, the Reds have experienced an impressive run of success. Since 2008, the club has won two division titles (2010, 2012) and made three postseason appearances (2010, 2012, 2013). However, despite the success of the Reds during that span, the team has yet to win a postseason series.

The Reds have been particularly bad in 2014, as they currently hold a 74-85 record. A plague of injuries has led to their downfall, as franchise cornerstone Joey Votto hasn't played since July and numerous other players such as Brandon Phillips, Jay Bruce, Mat Latos, Homer Bailey, and Aroldis Chapman have missed time at one point or another.

Along with Jocketty, manager Bryan Price is also expected to stick around. Following his extension announcement, Jocketty stated that he "thought [Price] did an excellent job [this season]" and he "[felt] bad for him." Price is nearing the end of his first season at the helm of the Reds after spending four years as the club's' pitching coach.