In case you had delusions of a "mystery league" that was "laying in the weeds" and looking to "come over the top" with a bigger contract, you can put that to rest. The two-year extension is official. From the official MLB public relations Twitter feed:
The MLB Club owners have voted to extend the contract of Baseball Commissioner Allan H. (Bud) Selig through the 2014 season.
The Twitter account continued with some quotes from Selig:
Selig: "I am very humbled by the request to stay on, and I look forward to building on the great momentum our game has seen in recent years."
Selig: "The focus is on the field, competitive balance is strong, & fans around the world are supporting our game in unprecedented fashion."
Selig: "I will use the $25 million dollar salary for each of the next two seasons to finally put that new roof on my house."
That last quote might be made up, but the salary isn't. Still, regardless of what you think about the Wild Cards, the interleague play, and the bizarro blackout and YouTube policies, it's hard to deny that baseball is in pretty great financial shape. Selig seems to have been amply awarded for being the custodian of that.