4:55pm: MLB.com's Alyson Footer has confirmed the news.
4:37pm: During FOX's telecast of the Indians-Yankees game on Saturday, Ken Rosenthal mentioned that the Astros have a press conference scheduled for 5:45pm, where they are expected to announce that manager Cecil Cooper's 2010 option has been exercised.
Cooper has a managerial record of 104-98 since he took over for Houston in 2007, but the 'Stros are off to a 3-7 start this season. Interesting timing.
