THURSDAY: MLB has announced the extension through 2014, Jon Heyman of CBSSports.com tweets.

WEDNESDAY: Selig's extension has been approved and will be announced tomorrow, tweets Jon Heyman of CBSSports.com.

TUESDAY: Commissioner Bud Selig will be extended for at least two years this week at the owners' meetings, reports ESPN's Buster Olney. Selig became MLB's acting commissioner in 1992, and the title became official in 1998. He currently earns more than $22MM per year.