Price, 54, has agreed to a 1-year contract through next season with a team option for 2018. In October 2013, after 4 years on manager Dusty Baker's staff as pitching coach, he signed a 3-year contract through this season to become the 61st field manager in club history and the 51st since 1900.
"I like the young, aggressive team Walt and Dick have put together with players from within our system and from recent trades," Reds President and Chief Executive Officer Bob Castellini said, referring to President of Baseball Operations Walt Jocketty and Senior Vice President, General Manager Dick Williams.