TORONTO -- Blue Jays president and CEO Mark Shapiro and Toronto agreed to a new five-year contract after the team's first American League pennant since 1993.

Toronto announced the agreement Friday, six weeks after the Blue Jays came within two outs of the title before losing Game 7 of the World Series to the Los Angeles Dodgers .

Shapiro, 58, took over as president and CEO when Paul Beeston retired after the 2015 season. Shapiro had spent 24 seasons with Cleveland, including the previous five as team president.

Ross Atkins, who worked for Shapiro in Cleveland, was hired as Blue Jays general manager in December 2015. Atkins is signed through the 2026 season.

Shapiro had signed a five-year contract extension in January 2021.

"Mark's exceptional leadership has been a driving force be

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