Maddon now tied as highest-paid manager in MLB

In addition to a World Series championship, Chicago Cubs manager Joe Maddon got a little extra walking-around money.

Thanks to the title, Maddon is set to receive an additional $1 million per season in the final three years of his current contract, reports Gordon Wittenmyer of the Chicago Sun Times.

Maddon initially signed a five-year, $25-million deal in 2014. The annual bonus - which he said he wasn't even aware of until reporters told him about it Thursday - ties him with San Francisco Giants and Los Angeles Angels skippers Bruce Bochy and Mike Scioscia as baseball's highest-paid managers.

"Honestly, when this all came about, my first thought was the more you could make, the more you could give back," Maddon said. "That's pretty much the concept I've been working from since I've been here."

In two seasons with the Cubs, Maddon has helped lead the squad to a 200-123 record, two postseason berths, and the North Side's first World Series championship in 108 years.

Cubs general manager Jed Hoyer has no regrets about including the clause in Maddon's deal.

"I think with an escalator of that type, it's the kind of escalator you hope you're paying," Hoyer said. "I'm glad we are."