Conjecture had surrounded the All-Australian’s future, with the 34-year-old still remaining uncontracted for next season.
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However, Beveridge said that Boyd will continue his career next year after the two parties agreed to put contract negotiations on hold until the end of the season.
“Matthew and I have a very close relationship, close enough for me to be honest with him 10 or so weeks ago and for us to decide to leave it until a bit later,” Beveridge said on SEN Radio on Saturday morning.
“He wasn’t overly happy with that.
“We agreed to leave it. That was tough, that was a tough conversation.
“But he’ll go on next year. He’ll play on next year.”
Boyd was named in the All-Australian team for the third time in his career this year, averaging 27.4 disposals per game.