Houston Dynamo forward Brian Ching told FOX 26 Sports he has reached a contract agreement with the team.
His deal was set to expire Thursday night.
Ching, who led the Dynamo to the MLS Cup championships in 2006 and 2007, is thrilled to get the deal done.
"I'm extremely excited, said Ching, It has been kind of weighing on me. Now I can focus on soccer."
The contract calls for Ching to be a player-coach, but Ching will hardly be doing any coaching.
The designation is a salary cap maneuver that benefits Ching and the team.
"Yes, because my role on the field has diminished a little bit, but my role within the organization and the team really hasn't," Ching said.
"So it's a way to pay me for what I'm worth I guess to the franchise."
He has no plans to ever be called coach after he retires.
Both Ching and the Dynamo expect him to move into the team's front office following this season.
Ching, who will retire as a player after the 2013 season, said his contract runs through Dec. 31.