St. Petersburg, FL (My Sportsbook) - The Tampa Bay Devil Rays will name Lou Piniella the third manager in team history at a 5 p.m. (ET) news conference on Monday.

The Tampa Tribune reported that Piniella agreed to a four-year contract worth $3.25 million per season, with up to $3 million in incentives based on how many games the Devil Rays win.

The Devil Rays have never won more than 69 games in a season in their five- year history, but Piniella resurrected the Seattle Mariners franchise when he took over as manager after the 1992 season.

Tampa Bay was granted permission by the Mariners to talk with Piniella regarding the position. The Devil Rays and Mariners agreed on compensation for Piniella last week.

Piniella, a Tampa native, was released from his contract with Seattle at his request. He was slated to make $6.8 million in 2003 with the Mariners in the final season of a three-year deal, but wanted to take a job closer to his family.

Piniella posted an 840-711 record and twice was named the American League Manager of the Year in 10 seasons with Seattle. He led the Mariners to four playoff appearances.

Last season, Seattle tied the major league record with 116 wins and made it to the AL Championship Series for a second straight season. Piniella managed the Cincinnati Reds to a World Series title in 1990.

The Mariners finished third with a record of 93-69 in a very strong AL West this season, behind Oakland and Anaheim, and missed the playoffs.

Piniella, who managed the Reds for three seasons, also was the skipper of the New York Yankees for two-plus seasons. After managing the Yankees in 1986 and '87, he was named general manager in October 1987. He returned to the dugout in June of 1988 for the remainder of the season after manager Billy Martin was fired.

In 18 seasons as a player, Piniella hit .291 with 102 home runs and 766 RBI. The 59-year-old played for Baltimore, Cleveland, and Kansas City, but spent most of his career with the Yankees.

Piniella was born in Tampa and went to high school there before attending the University of Tampa, where he was an All-America baseball player.

Tampa Bay fired Hal McRae with one year remaining on his contract after losing a franchise-record 106 games this season.