Mike Matheny

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Bill Greenblatt / UPI

A few years ago, Mike Matheny was coaching a youth baseball team. He wrote what has become known as the Matheny Manifesto, a letter to his team’s parents. “I always said that the only team I would coach would be a team of orphans,” the letter began before asking parents to butt out of coaching.

(UPI/Bill Greenblatt)

Updated at 12:40 p.m. with quotes from Mozeliak, Matheny and DeWitt.

Calling continuity important to a winning baseball team, the St. Louis Cardinals have announced contract extensions for the teams' manager and general manager.

GM John Mozeliak will remain in that role until 2016. The team also picked up the 2014 option for manager Mike Matheny, who is in his second season. Terms of the deals were not disclosed.

Bill Greenblatt / UPI

Mike Matheny is taking on one of baseball's most high-profile jobs even as he continues to recover from a big financial setback.

The St. Louis Post-Dispatch reports that Matheny and his wife may still be responsible for more than $4 million from a business deal gone bad. The St. Louis Cardinals say they were aware of the situation when they named Matheny manager last week.

(UPI/Bill Greenblatt)

As expected, the St. Louis Cardinals have introduced Mike Matheny as their new manager.

Matheny will replace Tony La Russa, who retired after the Cardinals won the World Series last month. Even though Matheny has no managing experience, general manager John Mozeliak said the four-time Gold Glove catcher stood out from a group of candidates that began with about 35 names.

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(Sean Collins)

The St. Louis Cardinals say they will announce the hiring of Mike Matheny as manager during a news conference Monday.

Matheny, a former St. Louis catcher will replace the retired Tony La Russa.

La Russa stepped down after leading the team to the World Series title.

The 40-year-old Matheny was a minor league instructor with the Cardinals and has no managing experience. He played for St. Louis from 2000-04 and won three Gold Gloves. He won another with San Francisco.