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By ESPN Staff

Magath extends Bayern Munich contract to 2008

BERLIN, July 17 (Reuters) - Bayern Munich said on Monday coach Felix Magath had agreed a one-year contract extension that will keep him at the Bundesliga champions until the end of the 2008 season.

'Both parties agree that one year is enough,' Bayern chief executive Karl-Heinz Rummenigge said in a statement on the club's Web site.

'We had the impression in our talks that Felix Magath isn't interested in a contract just for the purpose of job security either. He wants to stay here as long as he is successful.'

Magath, 52, who has a Puerto Rican father and a German mother, took over at Bayern in 2004. In his first two seasons he became the first Bundesliga coach to win the German league and cup double in consecutive campaigns.