For Yankee fans that love general manager Brian Cashman, there is good news. And for Yankee fans that don’t like their GM of the last 11 years, well…sorry.

The Yankees have announced that they have signed Brian Cashman to a three-year deal to remain as their GM.

From a joint statement by co-chairpersons Hal and Hank Steinbrenner:

“Before we could move forward as an organization this off-season, we needed to come to a resolution on the person who would hold the important position of general manager and allow us to make another run at a 27th World Championship. We are thrilled that Brian has accepted to renew his commitment to this organization for at least three more years.”

Cashman was believed to be on the fence about whether or not he wanted to remain with the organization, but a Yankee source told Newsday that it came down to what was best for his family. His new deal will pay him around $2 million annually.

The Yankees missed the post-season for the first time in Cashman’s tenure this season with an 89-73 record. He will meet with the media Wednesday morning at Yankee Stadium

Micah Warren is a sports writer from New York and the founder of Blast's sports section and the Off the Record sports blog.