The New York Mets are nearing a two-year contract extension with Terry Collins that includes a team option for 2016, according to a team source.

The deal will likely be announced on Monday.

The 64-year-old Collins has a 224-260 record in three seasons with New York.

"It's well-documented that there's been probably a lot more talent on teams that are in our division," David Wright said. "And I think he's done a nice job keeping the young players motivated. And just, all in all, I think he deserves to be back. And then hopefully -- with the money we have to spend and some of the trade opportunities -- we're a better team for him to manage."