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49ers give GM Baalke three-year extension, name Yu co-owner

The San Francisco 49ers gave first-year general manager Trent Baalke a three-year extension that will keep him under contract through 2016, the team announced Friday.'s Steve Wyche reports Baalke's existing contract has two years remaining.

"This is a wonderful day for Trent, his family and the 49ers organization," said 49ers CEO Jed York. "Without question Trent has distinguished himself as the man to direct our football operations for years to come. ... It gives me great pleasure to watch Trent and (coach) Jim (Harbaugh) work arm-in-arm with the common goal of leading the 49ers to championships."

Baalke, who was the 49ers' vice president of player personnel before being named GM, begins his eighth year with the team.

"I would like to thank Jed, and the York family, for this great opportunity and show of support," said Baalke. "In addition, I would like to thank coach Harbaugh, as well as our coaches, players, scouts and entire football operations staff for their hard work and dedication this season.

"The success we experienced on the field was a direct result of their efforts. It is a privilege to work for the 49ers organization, alongside this group, as we continue our pursuit of championships."

The 49ers also announced Friday that Gideon Yu has been named President and Co-Owner. Yu will be responsible for all business operations, whileBaalke will continue to lead all football operations. Both Yu and Baalke will report to CEO Jed York.

The 49ers finished last season 13-3, up from a 6-10 record in 2010. They lost in overtime to the New York Giants in the NFC Championship Game.

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