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He formed a tremendous central midfield partnership with Richard Kell, and is likely to play alongside new signing Jim Goodwin next year following Kell's move to Barnsley.
His impressive form earned him the inaugral Official Supporters Club's player of the season award.
Baraclough signed a one-year deal last summer, with the club having an option of extending it to a second season - it is that extension that has been confirmed by both parties.