Nationals exercise 2023 options on Rizzo, Martinez
"It is only right to continue with them at the forefront," Nationals principal owner Mark D. Lerner said.
"Mike has led us through many different phases of our organization, and we believe his work during this current phase will pay off in the end. Davey has done a tremendous job in the clubhouse and in the dugout for five seasons. His continued determination and unwavering support of his players makes us proud. We are lucky to have Mike and Davey leading the way."
Both Martinez and Rizzo were instrumental in helping lead the Nationals to a World Series title in 2019.
The 57-year-old Martinez is in his fifth season at the helm in Washington. He owns a 295-330 record and only helped the Nationals qualify for the postseason once during his tenure.
Rizzo has been with the Nationals since 2006. He served as assistant general manager until 2008 before being promoted to general manager in 2009. He added the title of president of baseball operations to his responsibilities in 2013.
It's been a difficult season for the Nationals, who entered play Saturday with a 29-50 record while sitting in the basement of the NL East.