3:28pm: MLB.com's Brian McTaggart confirms, via Twitter, that Acta turned down the Houston job for Cleveland. McTaggart adds that the Astros offered Acta a two-year contract with an option.
2:53pm: Paul Hoynes of the Cleveland Plain Dealer provides an update. Acta received a three-year contract with an option for 2013. According to Hoynes, Acta was offered the managerial job in Houston as well, but turned it down to manage in Cleveland.
1:53pm: Jon Heyman informs us, via Twitter, that the Indians will hire Manny Acta as their new manager.
Acta, 40, managed the Nationals for two and a half seasons from 2007-2009, posting a record of 158-252, but was fired earlier this year after a 26-61 start. Acta's winning percentage of just .385 can be attributed largely to the quality of the product that he was given, however. Following his firing, many in the industry thought it would only be a short period of time before Acta was given another chance to experience success at the Major League level.
Acta was also in the mix for the managerial job in Houston, along with Phil Garner, Brad Mills, and Dave Clark. Other candidates for the Indians managerial gig included Bobby Valentine and Torey Lovullo.