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Report: Garry Monk to sign extension at Swansea City

Swansea City v Manchester City - Premier League

Swansea City v Manchester City - Premier League

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Garry Monk just finished his first full season as manager at Swansea City, and it was quite a success.

The man who captained the Swans as a center-back for nearly ten seasons, Monk’s first year as boss ended with a record points tally and an eighth-place finish in the Premier League, the highest in club history.

[ SCHEDULE: Swansea’s 2015-16 PL fixtures ]

Today, Sportsmail is reporting that the club is set to sign Monk to a new three-year contract extension, which would keep him in charge at the Liberty Stadium until at least 2018.

His current deal runs through 2017, but the extension is believed to include higher wages and a large buyout clause given the success he had this season.

With the Swans just missing out on Europa League qualification, this extension shows that the Swansea board believes Monk is the right man to continue to lead the club up the ranks.

[ RELATED: Liverpool confirm signing of Charlton youngster Joe Gomez ]

Swansea has already made some key signings this offseason, bringing in Ghanaian playmaker Andre Ayew from Marseille, as well as defender Franck Tabanou from St. Etienne. It has been reported that Ayew received a $9 million signing bonus to come to Wales, and will be the highest paid player on the team.

Monk has also brought in former England-international James Beattie to his coaching staff, and Beattie is already on the record stating that he believes Monk could “go on to be one of the top managers in the country.”

At 36-years-old, Monk has a long managerial career ahead of him. With the Swans no longer “that team from Wales,” his next task will be bringing European football to the Liberty Stadium.