Read the full story with quotes from Rizzo on CSNwashington.com
The Nationals have given Mike Rizzo a five-year contract extension and promoted him to executive vice president of baseball operations and and general manager.
Rizzo, who took over as interim GM in March 2009 following Jim Bowden's resignation, was named permanent GM in August 2009. His next extension runs through the 2015 season. Rizzo is due to hold a conference call with reporters at 2 p.m.
More to come...
UPDATE AT 1:43 P.M. -- Statement from managing principal owner Ted Lerner, who apparently made the decision to give Rizzo the extension: "Mike Rizzo is unquestionably one of the best baseball minds in the game. 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."