Aaron Boone, who has led the New York Yankees to the postseason in each of his four seasons in the Bronx, will return as manager on a new three-year deal with a club option for 2025, it was announced Tuesday.

"We have a person and manager in Aaron Boone who possesses the baseball acumen and widespread respect in our clubhouse to continue to guide us forward," Yankees owner Hal Steinbrenner said in a statement. "As a team and as an organization, we must grow, evolve and improve. We need to get better. Period.

"I know Aaron fully embraces our expectations of success, and I look forward to drawing on his intelligence, instincts and leadership in pursuit of our next World Series championship."

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Boone's job security came under scrutiny after the Yankees' third-place finish in the AL East and loss to the rival Boston Red Sox in the AL Wild Card Game.

The last time a Yankees manager was allowed to manage a fifth season without having won a World Series ring was 1922.