Posted by Sabrina B. @gametimegirl

The New York Yankees and general manager Brian Cashman have agreed upon a new three-year contract, the club announced on Tuesday.

The move has been little more than a formality because both the team’s leadership and Cashman have repeatedly said that they wanted to remain together. Cashman’s previous contract was reportedly in the $2 million per season range. He was expected to get a slight raise.

Cashman will address the media at a 2 p.m. conference call Tuesday.

Cashman, 44, has been with the Yankees organization since 1986 when he began as an intern. He has been the GM of the Yankees since 1998. Cashman has the most years spent as the Yankees GM since Hall of Famer Ed Barrow held the post for nearly 25 years, ending in 1945. Cashman’s tenure is the third longest currentl6y in baseball.

The Yankees have won five World Series in his time with the team. Four of the rings have come with him as the GM.

In 2006, Cashman successfully negotiated with George Steinbrenner for more firm control of how the organization operates. Since then, Cashman has tried to place more of an emphasis on the farm system.

Over the last five years, the Yankees have developed players like Robinson Cano, Phil Hughes andJoba Chamberlain. This year, Ivan Nova became the team’s No. 2 starter. Next season, Jesus Montero is expected to be the team’s backup catcher and DH.

The Yankees think they could have two top of the rotation starters in Manny Banuelos and Dellin Betances. Both are expected to start next season at Triple-A but could be with the major league team by the end of the year.

After signing his last three year contract after the 2008 season, Cashman said there was “unfinished business.” The Yankees had just missed the playoffs and Cashman felt he was being unfairly portrayed by some in the media.

While keeping up with his commitment to improving the farm system, Cashman went out and spent nearly half a billion dollars on CC Sabathia, A.J. Burnett and Mark Teixeira that winter. With those three on board, the Yankees won the 2009 World Series. In 2010, the Yankees lost in the American League Championship Series. This year, the Detroit Tigers finished them off in the first round.

Cashman’s previous contract ran out on Monday. He has spearheaded the Yankees offseason plans and led the negotiations with the agents for Sabathia. Sabathia accepted an extension on Monday.

WRITTEN BY Andrew Marchand covers the Yankees for ESPNNewYork.com & FULL STORY HERE

Follow Andrew Marchand on Twitter: @AndrewMarchand