[Update] Marc Topkin is reporting that Maddon has agreed to a three-year extension that should be finalized in the next few days.
After speaking with a source on the inside of negotiations, Maddon and the Rays are currently discussing a multi-year contract extension...I was told that he feels very strongly about the unfinished business from a year ago and was certainly not going to go public with any sort of personal contract issue while his team struggled out of the gates this season…There isn’t a timetable on a new deal, but it’s not expected to linger on much longer.
Maddon is in the third year of his original deal, that is scheduled to expire at the end of the season.
Certainly very few people are worried that Maddon would not manage the Devil Rays ($25) beyond 2009, but keep in mind that this is a team that is already $15-20 million over budget for next season and Maddon is certainly worthy of a substantial raise.
Joe Maddon Contract Extension [Noah Coslov's Wheelhouse]