According to ESPN, Joe Girardi has signed a four-year contract to return as the Yankees' manager on Wednesday.

The Yankees did not provide specifics of the contract, but ESPN says a source disclosed that the deal is worth $16 million.  Girardi made $3 million this year.

The Yankees failed to make the post-season this year for only the second time since 1995.  The other year they failed to make the playoffs was in 2008, Girardi's first year at the helm of the Bronx Bombers.

The Yanks have also won a world series under Girardi in 2009, and have the best record in the major leagues since his hiring going 564-408.

Girardi played in the Major Leagues as a catcher for 15 years.

Source: ESPN - Joe Girardi Re-Signs with Yankees