The Cincinnati Reds and manager Dusty Baker agreed to terms on a two-year contract extension through the 2014 season, the club announced Monday.

A press conference is scheduled for 3 p.m. today in Cincinnati.

“In Dusty’s five seasons here he’s taken us to the Postseason twice and has proven he can lead our teams to championship-caliber play on the field,” Reds CEO Bob Castellini said. “He’s the right manager to continue the building process that will take us deeper and deeper into the playoffs in the future.”

Baker, 63, led the Reds to the playoffs twice in the last three seasons to become only the third skipper to lead the club to the Postseason more than once (Bill McKechnie, 1939, ‘40; Sparky Anderson, 1970, ‘72, ‘73, ‘75, ‘76). The Reds’ 97-65 record in 2012 was the second-best in the Major Leagues.

Baker is 419-391 (.517) in 5 seasons with the Reds and 1,581-1,432 (.525) in a 19-year Major League career that includes five division championships with three teams. He ranks 19th on Major League Baseball’s all-time victories list and ranks sixth in wins in franchise history.