The New York Yankees announced Thursday that senior vice president and general manager Brian Cashman has been given a three-year contract extension that will keep him with the club through 2008. The 38-year-old Cashman, who has been the team's GM since February 3, 1998, just ended the final season of a three-year deal that he signed in 2001. There had been rumors that Cashman would part ways with the club and seek out another job, potentially to fill the general manager opening in Philadelphia, but ultimately decided to stay in the Bronx. He is the longest-tenured general manager under owner George Steinbrenner. During Cashman's time, New York has won three World Series titles and five American League pennants. Cashman, who is the youngest GM to ever win a World Series, is also the only general manager in major league history to win a division title in each of his first eight seasons. The Yankees have compiled a cumulative record of 794-498 under Cashman, the best winning percentage in the major leagues during that period (.615). Cashman has actually been with the Yankees since the mid 80's, as he joined the club at 19 in June, 1986 as an intern in the minor league and scouting department. "I am very happy that Brian will continue as General Manager," said Steinbrenner. "Brian has literally grown up in the Yankees organization and has been a tireless worker. He is very knowledgeable about the game and the business of Baseball and is extremely loyal. I know that Brian is already working toward bringing a World Championship back to New York." Cashman will also likely still have manager Joe Torre at his disposal. Torre announced last week that he intends on remaining the team's skipper and honoring the final two years of his contract.