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David Beckham to stay with Galaxy

Updated: January 19, 2012, 1:46 PM ET
ESPNLosAngeles.com

CARSON, Calif. -- David Beckham has signed a two-year contract to remain with the Los Angeles Galaxy, the team announced Wednesday afternoon.

The team has scheduled a 2 p.m. PT news conference for Thursday at Staples Center to make the formal announcement.

Beckham, 36, has already played five seasons with the Galaxy and recently rejected a move to Paris Saint-Germain of the French league.

Beckham, whose five-year, $32.5 million contract with the Galaxy expired on New Year's Eve, ...

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