Nationals announce five-year extension for Rizzo

The Nationals just announced they've signed GM Mike Rizzo to a five-year contract extension, promoting him to executive vice president of baseball operations and general manager. The extension runs through the 2015 season.

That's the move I expected in the wake of team president Stan Kasten's departure, and it puts Rizzo solely in charge of the team's baseball department.

"Mike Rizzo is unquestionably one of the best baseball minds in the game," managing principal owner Ted Lerner said in a release. "He has a unique ability to see player talent for what it is, what it can be, and how it fits into building a team. Mike has been one of the architects of the rebuilding of the entire Nationals player system, from scouting, to player development, to big league signings. We believe the talent foundation we are establishing on and off the field will make the Nationals one of baseball's most exciting teams over the next several seasons."

I've continued to hear rumors of a restructuring that would put chief operating officer Andy Feffer in charge of the team's business operations, though the team hasn't announced its plans in the business department yet.

The Nationals have a 2:00 p.m. conference call scheduled with Rizzo, and I'll have more details at that point about what this means for the team.

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