Melvin's new deal is a two-year extension that will run through the end of the 2018 season. Prior to the deal, Melvin was only under contract through next year.
The 53-year-old Melvin has been successful in his tenure with Oakland and is respected in their organization as a manager that combines the usage of analytics with "old-style," traditional managing methods.
With the Athletics, Melvin has managed his team to a 385-339 record in five years (coming into tonight). He led the team to two American League West division titles and won the American League Manager of the Year award in 2012.
"I'm fully committed to this team, this organization and this fan base to get this thing turned around sooner than later," Melvin said in a press conference.
Melvin's extension was surely based upon his track record and not his seasonal performance, which can be quite rare. This season, the Athletics are a underwhelming 60-79.