02/10/2012 11:35 EST | Updated 04/11/2012 05:12 EDT

CFL commissioner Mark Cohon signs a three-year contract extension

TORONTO - CFL commissioner Mark Cohon is staying put.

The league announced Friday that Cohon has signed a three-year contract extension.

"Our board of governors is unanimously pleased to have Mark at the helm at a time of positive growth and enormous potential for our league," board chairman John Butler said in a statement. "We have come a long way together and all want our forward momentum to continue and accelerate."

The 45-year-old Cohon became the league's commissioner in 2007, signing a five-year deal to succeed Tom Wright.

The deal was expected.

During his annual state of the union address during Grey Cup week in Vancouver, Cohon said he wanted to remain with the league and the CFL's board of governors shared that sentiment.

"I'm thrilled to continue this work because I know there is so much more we can achieve, and our teams, and most importantly our fans, are counting on us to elevate our league to yet another level," Cohon said in a statement.