(Editor's note: This piece was originally published on Friday, Jan. 14, incorrectly attributing CBS News and Sports president Sean McManus for a statement made by U.S. Tennis Association chief business and marketing officer Harlan Stonetold. The correction has been made below.)

NEW YORK ( TheStreet) -- The U.S. Tennis Association and CBS ( CBS) have signed a 3-year agreement that will keep the U.S. Open on the network through 2014.

The network's current deal with the Tennis Association, which is worth between $20 million and $25 million a year, was set to expire after the 2011 tournament. Financial terms of the renewed deal were not disclosed.

The contract will keep the tournament's final weekend schedule the same, with the women's singles final on Saturday night and the men's singles final on Sunday afternoon.

"The key for us, and they agreed, was to keep the women's finals in prime time," U.S. Tennis Association chief business and marketing officer Harlan Stonetold the New York Times.

The U.S. Open has aired on CBS every year since 1968.

-- Written by Theresa McCabe in Boston.

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