Allardyce has signed a new contract to see him up to the move of the club to the Olympic Stadium in 2016.
Hammers Joint-Chairmen David Gold and David Sullivan were both quick to praise the work of Sam Allardyce in guiding the Hammers back to the Premier League and then securing a top-half finish.
David Gold said, “This is fantastic news for West Ham United. Sam has made a hugely positive impact since joining the club nearly two years ago. When you consider the difficult situation he faced when he arrived at the club following our relegation, he quickly set about making his mark and built a new team that ultimately got us promoted back to the Premier League at the first attempt.
“We chose to recruit Sam as we knew he would bring discipline, determination, passion and respect to Chadwell Heath and he has delivered on all fronts.
“The relationships that exist throughout the Club are some of the best I’ve seen during my 20 years in football. When I visit the training ground, it is obvious to see Sam is respected by the players and David Sullivan, Karren Brady and I all enjoy working with him.
“We can now all look forward to the next few years with optimism and I am already excited about our plans for the 2013/14 season.”
David Sullivan said, “I am delighted that we have reached an agreement to extend Sam Allardyce’s stay at West Ham United.
“Going into our final two Premier League games, we have a very real possibility of achieving a top-ten finish this season, which would exceed our expectations and be a fantastic achievement for any newly-promoted side.
“With Sam’s future now secured and our Premier League position guaranteed for next season, the hard work of bringing in new talent to take this Club to the next level can progress. Sam will now have the exciting challenge of building a squad that will befit a team playing in the Olympic Stadium.
“With a highly-rated manager, a stunning new home and two high-profile sponsorship agreements announced in the past few months, these are extremely exciting times for West Ham United.”