Joel Sherman has the scoop on the widely expected move:
The Yankees and Joe Girardi are closing in on a three-year contract that will pay him somewhere between $9 million and $10 million, The Post has learned.
Girardi would receive a bump from a contract that expires Saturday that was paying him $7.5 million over three years. The raise would make Girardi the fifth- or sixth-highest paid manager in the major leagues.
The sides believe the deal could be finalized Wednesday or Thursday.
When the deal is complete, the Yankees will move on to more complicated issues involving free agency for Derek Jeter and Mariano Rivera, and formulating a plan to chase the diamond of the free-agent class, Cliff Lee.
Despite all of the handwringing and doubts about Girardi’s return, this issue was handled quickly and without any drama. Hopefully the Derek Jeter negotiations have a similar feel and end with a similarly fair contract.
In exclusive BREAKING news, 3 sources tell me that Incarcerated Bob is full of it.

I was lukewarm on bringing Girardi back but I don’t have a problem if they’re going to get a deal done quickly and without contentious negotiations.
Separately, I’ve been reading your tweets…is this an inside joke? Who is “Incarcerated Bob”? MJ Recanati(Quote)
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Moshe Mandel Reply:
October 27th, 2010 at 5:55 pm
He’s a WFAN callerwho makes up scoops and has gained some notoriety because he guessed right on Revis. Hereported LeBron to Knicks, Jets releasing Edwards, Vincent Jackson to Vikings, Teixeira nailed for steroids. During ALCS, he reported that 3 sources told him Girardi had decided not to come back. Since this news broke, he’s protected his tweets and has gone underground. He took redit for the Alderson to Mets news today. He’s a nutjob who somehow has a following. Moshe Mandel(Quote)
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