On Monday afternoon, the Colorado Rockies announced a "handshake agreement" between the team and manager Jim Tracy. This agreement is a show of support by the organization for Tracy's leadership abilities -- the club told him he will "continue to be a part of the organization's leadership team."
In a statement on the subject, Rockies general manager Dan O'Dowd said "we expect this relationship to continue for a number of years" and that "we are building a culture of value together in a world of performance."
The Rockies are just three years removed from a 92-win season, but they're coming off a disappointing 73-89 campaign in 2011. Jim Tracy is in the final year of his contract.